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

To: stockman_scott who wrote (39372)	7/25/2001 12:28:24 PM
From: Jim Willie CB	Read Replies (1) \| Respond to of 65232

two stock newsletter superstars are optimistic Richard Band (Profitable Investing) and Stephen Leeb (Personal Finance) Band has been a topranked editor and pundit he thinks a select group of tech stocks will rise by 50% between now and summer 2002 his top three: NOK, INTC, QCOM cannot discern his other players Leeb expects low interest rates, money supply expansion to have strong response within 9 months quiet CEO guidance does not mean negative future it could be a lousy Q3, and punky Q4 my clock for the 6-9 month massive stimulus started in April the first three Fed cuts merely removed the excess tightness they were 250 bpts too tight in January the Yield Curve had been inverted for four months horribly irresponsible monetary policy the economy is paying for that poor policy now normally 6-9 months is appropriate for policy response however, this time we are loaded with excess capacity, loaded with corporate equipment from Y2K installations loaded with telecom debt loaded with household and corporate debt so I conclude 10-16 months for policy response and an economic recovery for US starting in Feb 2002 but given the significant ball & chain, twill be a slow recovery Greenspan's M.O. is to overtighten, then overstimulate then tighten slightly after the overstimulating soon to relax that correcting tightening does that resemble a drunk driver? so I expect a couple more 25 bpt cuts which may act like blank shots at a sleeping rhino by 2002-03 I expect a minibull rally from excess easing Leeb has been in top1-2-3 in last five years (market timers ranked by Hulbert) Band is NO slouch either by the way, Navellier likes EMLX now for an easy double or more / JW