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

To: Jim Willie CB who wrote (43707)	10/30/2001 8:06:55 PM
From: limtex	Respond to of 65232

JW - SAdly looks like you are right on. THe economic situation is without precedent. It is now clear that there is no recoverery in sight not only that but tthe slide is gathering pace. Rubin and AG said not to do too much by way of stimulous a few weeks ago. At least thats what I thought they said and if so what on earth are they thinking about. There some some nutcases that keep on saying that you only get a market recovery whenthe bearish sentiment is isstrong that just about everbody gets out of the market. IMHO that is total crap. You get a recovery when the economy turns around and you get that when Mr G and his Fed Govenors wake up from their slumbers and realise that the economy is dying. Best, L

To: Jim Willie CB who wrote (43707)	10/31/2001 12:28:45 AM
From: Sully-	Read Replies (1) \| Respond to of 65232

Hi Jim, Um, well, 'er, uh, Hmmmmmm............. pretty hard to disagree with you for the most part. It isn't hard to see the market at least testing the Sept lows sometime soon. If those lows are taken out, it could get quite ugly as a breakdown in the equities markets will add a significant drag on the economy. Perhaps we are in for some real trying times. Perhaps not. The Fed & the gov't may not be making all the right moves to stimulate the economy, but they are taking fairly aggressive stimulatory action. Perhaps we are about to see the economy stagger around punch drunk for a spell & then recover......... there will still be some areas that will do well or hold their own through all of this. We still remain in an era of innovation. Productivity enhancing products & services continue to become available & many of these enhancements are less expensive to purchase/implement than the previous generation. To me, the big question is........... Will baby boomers go into a shell both at work & at play, thus nearly insuring economic problems near term............. or will they buckle down & focus on protecting their retirement years by staring their current fears & foes in the face & getting the job done now? The human equation (psychology) may play a big hand in how this all turns out............ that & our success in winning the war on terrorism. BWDIK? Ö¿Ö