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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: Les H who wrote (4448)	6/7/2001 12:04:51 PM
From: Mike M2	Respond to of 74559

Les, I have NOT given up on 2001 one- fundamentally we are off to a good start but the bears are fighting deeply rooted CONfidence that the recent past will continue well into the future and the monetary policy can cure the economic ills of excess debt, capacity and malinvestment. Few people seem to think it was strange that the stock market was growing at a faster rate than any measure of economic activity. Mike

To: Les H who wrote (4448)	6/7/2001 12:07:25 PM
From: Mike M2	Respond to of 74559

Les, I have NOT given up on 2001 one- fundamentally we are off to a good start but the bears are fighting deeply rooted CONfidence that the recent past will continue well into the future and that monetary policy can cure the economic ills of excess debt, capacity and malinvestment. Few people seem to think it was strange that the stock market was growing at a faster rate than any measure of economic activity. Mike