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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?

To: Kayaker who wrote (3108)	11/5/2001 1:48:01 PM
From: Sam	Respond to of 99280

950 is a long way from 1100, if Cliggott is anywhere close to right. RE: <<The data suggests that the recession may be deeper than many economists had thought, NAPM said. Still, stocks held on to gains. ``Any kind of bad news hasn't been able to hold the market down,'' said Bob Basel, a trader with Salomon Smith Barney. To be sure, some Wall Street pros say recent strength is unlikely to last. J.P. Morgan chief portfolio strategist Douglas Cliggott cut his 2002 earnings outlook for companies in the S&P 500 and the year-end target for the index to 950 from 1,100, saying business spending will be below a year-earlier at the end of next year. Cliggott, one of Wall Street's top strategists who accurately predicted where the S&P 500 would close in 2000, is now forecasting flat earnings growth in 2002.>>

To: Kayaker who wrote (3108)	11/5/2001 1:50:57 PM
From: SOROS	Respond to of 99280

SOROS' THEORY ON PROBABLE RATE CUT The Beverly Hillbillies tune is appropriate for this Fed. Come and listen to a story bout a man named Greeny. Kept cuttin rates till they matched his little weenie. At 2 point 5 his wifey yelled to him, "AL baaaby, you gots to cut them more because we're out of that Viagree!" 2 point 5, that is WAY too big. Well the first thing you know the rates and AL they both are 1. A match made in heaven now, Al thought he was all done. But low and behold poor Al, another birthday came. Testosterone was all but gone, Al junior shrank again. An inverted yield curve. Oh boy!