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

To: stockman_scott who wrote (39834)	8/6/2001 2:29:43 PM
From: Jim Willie CB	Read Replies (1) \| Respond to of 65232

only recovery I know of is my cash balance it grows every month it aint much, but it is mine the premises behind the 2ndHalf Recovery point out perils of forecasting nothing about the current economic climate resembles neither 1992 nor 1982 so why should we expect a recovery in 6-8 months after first Fed rate cut ??? a real simple reason in three parts: 1. household debt and corporate debt is 2-3 times what it was in prior years 2. Y2K sapped up two years worth of technology demand and orders 3. the first 150 bpts of Fed cuts were to relieve the overtightened rate conditions (so they dont even count) now we must wait patiently for the ploughed under soil to reveal shoots of grass it will take time, much more time I still see no stock sustained recovery until next April as we saw, something magic in April and spring I SWEAR IT HAS TO DO WITH SEX / jw