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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?

To: Nick who wrote (38264)	6/27/2001 2:42:06 PM
From: Jim Willie CB	Read Replies (2) \| Respond to of 65232

GreenScrotum knows almost nothing more than what is before his nose these clowns dont forecast, they react to current conditions with 3-month TBill yield just under 3.5% ... the FedFunds Rate is now at 3.75% (please correct me if I am wrong about FFRate) so the Fed is still behind the curve by at least 25 bpt AND PROVIDING A SMALL BRAKING FORCE TO THE ECONOMY !!! he has run out of monetary ammo, plain & simple markets will soon have to find their untethered values that includes US and all major world indexes they ALL look to the US for leadership, guidance, support markets are weakest in the summer among summer months, the weakest is August EQUITY SHIPS OF STATE HAD BETTER PREPARE FOR THE T-S-U-N-A-M-I look to the east, past the California shores, to Japan dont forget: in Calif, brownouts will widen as those clowns consider price controls and windfall seizures enacted against power companies absolutely incredible read the history book, Gov No Gray Matter Davis !!! Nixon tried Wage/Price Freeze in 1972 the result was unprecedented inflation after lifting Calif represents 13% of the US economy as a wise friend just told me, those who ignore such warnings, do so at great peril / jw