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

To: limtex who wrote (40722)	8/29/2001 4:48:27 PM
From: Jim Willie CB	Read Replies (2) \| Respond to of 65232

bottom guesses by March02 Dow = 7700 S&P = 970 Naz = 1300 my March01 estimate (made in Dec2k) for Naz was 1650 that was my "stick it on your frig" post I now am agreeing more with you on the tight Fed monetary policy FedFunds is now at 3.5% we should be at 3.0%, a little below 3-mo TBill yield if you think we are tight, you should check Europe they have had only one rate cut Euro Central Bankers are beyond clueless perhaps they are waiting for the next leg on Euro currency rally then they will cut rates more aggressively to stall a euro rally then there is Asia, which will melt down in my opinion that will initially be deemed as beneficial to US economy because of lower import costs, lower supply costs then soon after, the downdraft will be too much GET READY FOR A FULLBLOWN RECESSION BY CHRISTMAS what do you make of the strong Adv/Decline Line ? esp in small caps? / jim