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Pastimes : The Justa and Lars Honors Bob Brinker Investment Club Thread -- Ignore unavailable to you. Want to Upgrade?

To: Justa Werkenstiff who wrote (1126)	5/6/2001 8:32:57 PM
From: MrGreenJeans	Read Replies (3) \| Respond to of 10065

First Call Chuck Hill over there seems to be on air every week espousing his bearish bias. Chuck is having his moment in the sun but on the opposite end of the spectrum interest rates are being cut aggressively with severity by the Federal Reserve. These rate cuts to date have for the most part been ignored by investors and imo this is a big mistake going forward. I expect to see explosive equity market moves to the upside during the course of the year. I hear others talk about excessive inventory and capital expenditure overhang in the high tech area without any real evidence. That is this issue is extremely hard to measure if one can take a measurement at all. I believe there was a discussion about this in the WSJ perhaps it was last week. For the most part I just hear speculation mostly from the bearish camp that this will keep the markets depressed going forward without any hard inventory / capital expenditure overhang numbers. On the unemployment issue let's remember that unemployment is a lagging indicator and recent history suggest unemployment can rise well after the economy has bottomed. Check unemployment trends after a recessionary period has been declared to be over. I look forward to another rate cut on May 15th. I think Greenspan steered us away from any possible recession. I fully believe the impact these rate cuts will have will take most by surprise.