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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?

To: edamo who wrote (35796)	4/13/2001 7:37:56 PM
From: Jim Willie CB	Read Replies (1) \| Respond to of 65232

returning money from new age investors hinges upon acceptance of the big notion 2ND HALF RECOVERY acceptance would thus be predicated upon confidence in the Federal Reserve confidence in our economy generally to withstand major index collapse confidence in our economy to process and work thru huge excess capacity confidence in our diverse businesses not to subject the masses to massive furlough I am sticking with my recession theory and secular bear market scenario because of my belief in shorn sheep, I anticipate that the market will believe 2nd Half Recovery until it is proven to be fallacious consequently, new age investors will try and try again dont agree with your "no fear" depiction I detect widespread feelings of failure, lost confidence in stocks, largely depleted accounts yeah, probably Naz will surpass 2100 not that aint much of an accomplishment 1800 is equidistant on the index on the downside Americans WANT to believe, WANT to trust the Federal Reserve they NEED to believe it has the power to RESCUE us from the Fed's own policy errors such beliefs underpin our entire banking system, if not the economy, sadly we will see by July or August I expect to see plenty of wool on the floor by then some might be mine, thus dark, curly, and slowly graying maybe not, maybe I will be 100% bald by then appreciate your steady thoughtful prose / jim