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To: patron_anejo_por_favor who wrote (113212)	7/18/2001 10:26:13 AM
From: patron_anejo_por_favor	Respond to of 436258

Oh yeah, he also says there are signs of pick up in demand in the PC/semi markets but not in "communications" (pretty broad sector calls there, Bub!) Much of the inventory reduction in the first quarter reflected a dramatic scaling back of motor vehicle assemblies. However, inventories of computers, semiconductors, and communications products continued to build into the first quarter, and these stocks are only belatedly being brought under control. As best we can judge, some progress seems to have been made on inventories of semiconductors and computers, but little gain is apparent with respect to communications equipment. Inventories of high-tech products overall have probably been reduced a bit, but a period of substantial liquidation of stocks still seemingly lies ahead for these products. When he says "a period of substantial liquidation of stocks still seemingly lies ahead".....I agree wholeheartedly, but not in the manner he intended!<VBG>

To: patron_anejo_por_favor who wrote (113212)	7/18/2001 10:28:43 AM
From: Lucretius	Respond to of 436258

f*ck him

To: patron_anejo_por_favor who wrote (113212)	7/18/2001 9:45:43 PM
From: mishedlo	Read Replies (2) \| Respond to of 436258

I just read his BS and seriously I expect another surprise cut. That said, the sinking $ has his ass in hot water so it may not be possible. THE ALMIGHTY $ is showing sings of cracking as compared to the EURO. Only way Greenspan SHOULD be able to act is if EC cooperates. I have no way of knowing this. However, do not underestimate the recklessness of Greenspan! Lowering interest rates again without cooperation from Europe will kill any chance of recovery because it will be hugely inflationary as the $ will drop. Greenspan is in DEEP SH*T and he knows it. Testimony shows he is trying to lay the blame elsewhere IMHO. M