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To: Boplicity who wrote (12159)	4/2/2001 2:21:52 PM
From: horsegirl48	Read Replies (2) \| Respond to of 13572

well if we go to War isnt that suppose to push ahead the economy? Building the war machines of mass destruction? I dont know know about you but Im not all that happy with our new Prez at this point.

To: Boplicity who wrote (12159)	4/2/2001 2:36:08 PM
From: Sig	Read Replies (2) \| Respond to of 13572

The Nas was at 1744.88 on Oct 13 1997 Three years later we are 25 points above that. Everybody gets one chance to call a bottom, my call is ahhhhhhhhhhhhhhhhhhhhhh,1750 ? .

To: Boplicity who wrote (12159)	4/2/2001 3:15:30 PM
From: Jim Willie CB	Read Replies (1) \| Respond to of 13572

I've said several times that this economy will not respond to lower rates the problem is deeper this time it wont respond for long to lower taxes providing extra liquidity wont fix the problem those who pound the table for this quick solutions dont understand the depth of the problem unfortunately the problem is huge huge excess capacity, from overbuilding as we led up to the Y2K event, and the monetary rescue in Sept98 by the Federal Reserve of the LTCM and MoneyCenter banks in NYC following the Russian default that rescue forestalled a serious pullback, with its required denouement that resolution would have included time to soak up excess capacity, and time for workers to catch up to the labor shortage and very likely a recession of typical length not to mention a healthy bear market for stocks, esp techs instead, conventional wisdom changed to believe that additional equipment could solve labor problems on a universal basis well, guess what? we overbuilt, and now it is time to LAY OFF some of the excess equipment !!! do you really think that extra money flowing thru the veins of the economy is gonna create the demand for additional website servers for Sun, more corporate business servers for Compaq, more highspeed network switches and routers for Extreme ??? no way we must suffer thru TIME now, much much TIME the cost basis of many new machines must be reduced thru liquidation, bankruptcy like tilling the bad grassland, turning it over, allowing it to lie fallow, then planting seed next spring not this spring this economy will NOT respond to lower rates, and that is why the Fed is not easing more the excess capacity was very evident in 1997 and 1998 in Asia and elsewhere Rubin convinced Greenspan to rescue and forestall the recession NOW THE RECESSION WILL BE MUCH WORSE dont believe the bullshit about 2nd half recovery in the US economy Business Week got it right this weekend Chambers of Cisco and Fiorelli of HewPackard dont see ANY recovery coming Greenspan's activism in 1998 has now resulted in a Mother Bear Market in 2001 he spared Rubin and the Big Houses and Big Banks of the major losses and transferred them to the public in form of IRA losses and lost savings in personal stock accounts NazComp will head to 1300-1500 this summer, maybe lower Dow will head to 8000, probably lower / jim