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Strategies & Market Trends : Rande Is . . . HOME -- Ignore unavailable to you. Want to Upgrade?


To: Shaw who wrote (48976)3/13/2001 11:11:57 AM
From: Jim Willie CB  Read Replies (1) | Respond to of 57584
 
ShawMan, we will get thru this
but in my opinion, not before a series of shock waves leading with 75% likelihood into a brief painful recession

my main point is that monetary policy is too restrictive
and the economy's internal forces have adjusted in the last ten years to become extremely sensitive and extremely capable of quick action
and that action relates to inventory replenishment, canceled orders, reduced mfg capacity, and layoffs

THE INDUSTRIAL REACTION SPEED IS NOW MUCH MUCH FASTER THAN THE FEDERAL RESERVE'S REACTION SPEED
and therein lies the risk

dont be fooled by counter-trend rallies
they may last 6 days or 6 weeks
expect a near disappearance of tech earnings upcoming
and certainly a disappearance of tech growth
/ Jim