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To: pbull who wrote (12405)	4/7/2001 11:29:46 PM
From: pbull	Respond to of 13572

"An average of year-end targets forecast by the major sell-side houses has the S&P 500 up 40 percent in 2001, the Dow gaining 33 percent, and the Nasdaq composite rising 80 percent." Story by Reuters. Speaks for itself, doesn't it? The media simply regurgitates the slop they're fed. Or, garbage in, garbage out. However you want to look at it. So, we are about to see one of the all-time great bull-market moves as the economy moves solidly into recession. My response is the same as when Abby Cohen reco'd AMAT last December. As Jed Clampett once said, "I believe I'll pass." He was the dude with the money, remember? PB

To: pbull who wrote (12405)	4/7/2001 11:30:49 PM
From: Perry Ganz	Respond to of 13572

Mr. greengeans and the boys are meeting Monday look at the topics to be discussed federalreserve.gov Perry

To: pbull who wrote (12405)	4/8/2001 12:25:06 PM
From: Jim Willie CB	Read Replies (1) \| Respond to of 13572

totally agreed, PBullMan... reluctance to banklend tells of deeper root problem liquidity is not the central problem sure, the liquidity tide going out to sea exposed many ships aground but bringing tide into shore wont necessarily free them from the torturous grip the ships went aground and began to leak heavily from excessive cargo the Fed Nincompoops could reduce FedFunds to 3.0% and it wouldnt help now it wont help for at least 2 more quarters in the meantime I expect a massive erosion of consumer sentiment and a few more rounds of layoffs and an assault on real estate prices and sadly, a vastly watered down tax cut package as the economy slows further, forecasted surpluses will come down and great reluctance will rise on risking a deficit situation again they have repeatedly OVER-eased then OVER-tightened for about a decade they operate with impunity such tactics eventually lead to a situation where OVER-easing just wont work I think we are in such a situation now I dont believe claims that overcapacity is restricted to technology businesses I think it extends to furniture, automobiles, clothing... and prophylactics, unless we begin redouble exports to China given the recent conflict, let's hope such exports are part of the strange settlement / jim