To: oexplayer who wrote (7997 ) 6/6/2001 2:05:18 PM From: Crystal ball Read Replies (1) | Respond to Agreed, from approx $20 to $152 for NTAP will be a nice profitable rebound, I still think parts of the market will experience a V curve recovery, NTAP and PALM for examples, and the rest (if they have earnings and real business models) will see a U shaped recovery curve at least. I do not see the L shaped curve being a factor, except of course in commodity driven stocks. OIL appears to be headed toward the liquidity crash I predicted last fall, a vast empty parking lot, I give OPEC their 30 days, after that I think we will see IRAQ dictating more of the price than any of US will ever admit, but I am all for lower OIL (between $20 and $25 is legitimate and stable). Greenspan had a typical OLD MAN fear that health care costs were rising too sharply, the only inflation that existed before he created the OPEC reactionary inflation and other price hike aftermath and economic shutdown, not slowdown, of his 2nd induced recession. I feel that like Judges, there should be a age limit to Federal Reserve members, say 60, to be fair. Greenspan, to be fair, now admits there is no inflation. I am still waiting for OPEN CARRY to a swift decrease in FOMC interest rates to allow Treasury purchases at current yields to allow banks big and small to carry Treasuries on their reserves and loan out more money to increase the money supply, and add much needed liquidity to the economy, and markets. At $10 Trillion Dollars lost due to Greenspan's failed monetary policy, there is a lot of room to cut rates, and he should do the Volcker and cut by 100 basis points, but he won't, the most we can expect is 50 or 25 basis points until the OLD MAN gets out of the way of the NEW ECONOMY that even he can not kill, but only delayed the birth, by increasing the labor pains. I see a decentralized, individual freedom empowered high technology world on the horizon. DATA right now is gold.
