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To: russwinter who wrote (67655)4/15/2001 12:16:17 PM
From: B.REVERE  Read Replies (1) | Respond to of 116762
 
While there might be some small anecdotal evidence that the
economy might have bottomed, I don't believe the hype nor do I believe the sudden reversal of fortune in equities last week. The supply capacity problems will not be going away any time soon and the huge debt problem will persist
for many months to come. The bond reversals of the last few days have more to do with traders trying to play this bounce of "hope and a prayer" than any fundamental change of "bottoming" economies of scale. This is a blip in rates and they will soon head lower as soon as the first big mover(IBM?) says "we have no visibility." I have HM as a hedge against the flight of foreign capital that holds up our currency. When that turns is anybody's guess but I feel that this summer is the beginning of the dollar's retracement as companies start warning in June that the third quarter looks to be underwater as well.

Later,