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To: Ibexx who wrote (97529)	4/16/2001 7:29:19 PM
From: marginmike	Respond to of 152472

"I hadn't read any of your posts for a long time, and I doubt that I ever will" Maybee you should, and you wouldnt waste so much space with nonsense like CSCO is company specific. There are many people here who need a balanced opinion. This is something you do not provide. All you do is blame greenspan and spew bullish hyperbole. I am just pointing out the Oposite point of view. I do not view that as wasted cyberspace.

To: Ibexx who wrote (97529)	4/16/2001 7:43:30 PM
From: waverider	Respond to of 152472

Now that's the spirit...ignore one of the only sane voices around here. <H>

To: Ibexx who wrote (97529)	4/16/2001 8:52:26 PM
From: limtex	Read Replies (2) \| Respond to of 152472

Ibexx - MM has got a little brusque with his style recently, maybe something to do with the Clown thread ways, but he does have a point. The reality is that the economy is virtually in free-fall and is gradually but relentlessly simply shutting down and not only in the US but across the World. My view is that this is entirely due to the policy of the Fed and its Chairman but that is beside the point here. Nothing Mr Chambers says is going to make Mr G act any differently than he has decided to and certainly nothing on SI will. In this environment as business gradually winds down and the lay-offs start coming as thick and fast as the profit warnings we have had, my guess is that the Fed will simply deny it. Yes thats right just simple denials. No recession, correction - well yes but limited, inventory adjustment - yes thats a nice and digestible way to put it. Alll sorts of Fed governors will at different but significant times in the next few months come out regualrly and say things like that. They may even drone on about having to be careful about inflation as that is a great way to take peoples mind of the slump. No these guys have a plan and they are sticking to it. They must surely know the facts on the ground yet all we have had is denial after denial. I guess we are due more of the same. And the don't expect too much form the Treasury Sec. either. He really doens't seem to me to have very much feel for whats going on in the business world. And as for the President, well nice guy but like his father I fear he is just bad luck for the economy except this time far worse. In all this one has to presume that business will find a base level but it doesn't look to me like that is going to be this year or next year. Even as the unemployment numbers tick up and consumer spending starts slowing down they will still deny it. That is the policy, deny, deny, deny. There is no recession. There is no recession, and when it comes well, we'll have a ver yshort peiord of recession. By that time mast people will have other worries beside their portfolios. QCOM is a winner it is the last man on the Titanic, a year or so earlier.....wow..but thats life. Best regards, L