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


To: Sully- who wrote (44076)11/8/2001 9:35:47 AM
From: Jim Willie CB  Respond to of 65232
 
recovery in 2002 becoming assured with Europe cooperation
clearly GreenSneid is working in concert with BankEngland
and his totally clueless EuroCentralBank cohort
Europe should be 2% lower right now
they have worse recession than USA, with 8% unemployment
clueless... still fighting inflation ghosts
and ushering in deflation instead, along with unemployment

Naz should rise more than S&P in good legs
and fall less than S&P in bad legs
for the foreseeable future since whacked so much worse
far too much monetary stimulus to ignore
150 bpts since Sept11th is unprecedented
onliest thing to concern me is the inventory ratio in techland
it is still bad, but maybe now at its worst???

the abolition of the 30yr TBond is a slick maneuver
been reading about its motives and consequences
it should succeed in lowering mortgage rates
which puts more money in consumer pockets
but the real problem is business spending, not consumer
it should also reduce federal deficits slightly
the flip side is to run for cover when they announce in a year or three the reinstatement of the 30yr TBond
since reinstatement means inflationary expectations in the years to follow

watch the microcaps and smallcaps
they are gonna scream, 3-5 times the growth prospects as the bigboy techs
some call them the "stealth" stocks
/ jim