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

To: Dealer who wrote (51284)	5/10/2002 1:49:24 PM
From: Jim Willie CB	Respond to of 65232

most techs are right back where they were before cover rally EMC in the 7's INTC in the 27's, still 100% overpriced QCOM in the 27's IBM back under 80 CIEN in the 6's the one holding up best is the utter joke CSCO, in 15's at 2% topline revenue growth, still 100% overpriced this CSCO is a single digit if I have ever seen one what an impressive Mother of All Suckers Fool's Rally wondering how many fools bought after Dow was already up 275 pts after another 4-5 Mother Sucker rallies, the public will give up just an observation, but I am seeing more and more competent economic commentary on the airwaves and internet much more competent than I have ever seen I believe the quacks may have been supplanted by quality productivity is seen widely as an advantage after overcapacity lack of income tax receipts is not confirming recovery after inventory drawdown, not much economic GDP growth little follow thru into job creation unemployment applications moving average still over 400,000 nonexistent business investment still on and on some good stuff unfortunately, I see very little if anything out there on the big big threat to the entire US system: the USdollar it is totally taken for granted by the crowds I smell unspeakably high complacency in this important arena reality will hit before long maybe weeks, maybe months, maybe next year but it is coming the USdollar correction is only one of several key impetuses behind lifting GOLD / jim