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

To: t4texas who wrote (7649)	8/23/2001 5:20:05 PM
From: Maurice Winn	Respond to of 74559

<... my conclusion has been that he personally is holding a lot of tech stocks that are underwater, and he wants to use his bully pulpit to get that bubble going again if possible> I expect you are correct about a lot of people hoping for interest rate cuts to save them and get stocks back up to where they were. I think they'll be disappointed. Sure, the interest rate cuts and everyone going back to work will fix the economic crunch. Stocks will rise somewhat and maybe quite a lot for solid stocks with real incomes and bottom lines. But it will not be long before interest rates are raised again. Just as soon as the worry about collapse or recession has passed, rates will be moved right back up. I would not be surprised to see rates increasing as early as the end of the year to warn people not to go berserk this time. 1998 Asian contagion has gone. Y2K bug worries have gone. The dot.bomb has been and gone. The irrational exuberance has gone. The Great Financial Collapse of 2001 will soon be gone. It's back to business as usual. These are such interesting times, Mqurice