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


To: Sully- who wrote (52382)5/30/2002 1:29:26 PM
From: stockman_scott  Respond to of 65232
 
IT Does Its Part For The Recovery

Message 17534747



To: Sully- who wrote (52382)5/30/2002 1:52:47 PM
From: Jim Willie CB  Read Replies (2) | Respond to of 65232
 
brokers & bankers down, how sane person predicts recovery?

totally mystifies me
they must be supping from the same table as Volt
looking at a single measure and feigning comprehension

VIX still exhibiting extreme complacency
well maybe not extreme, since it has risen in last few days
maybe when near Dow 9000 it will rise again
or Naz near 1550

the annual self-deceiving Spring Rally is almost finished
we are soon to enter a new Volt Time Capsule
early summer is not a good season for tech stocks
they tend to droop in mid-late June
then recover and rally in mid-July
trouble lies ahead, beware, prepare, take rose glasses off

this prelude to ModernDay Depression is fooling many investors
they regard the Recession as garden variety
it is not
it is a Structural Recession
if not treated as such, it turns quickly into a Depression
if Greensperm tightens, we will get a Deep Recession at least
I expect we will come perilously close by 2005 to Depression

investors would not know the difference even they had a roadmap
or a jackass to hold their hands and help them along
because they still tend to believe the press and past history
most cannot read at all
their past history doesnt go back before WW2
they dont have a clue what the Great Depression was about

mine does, and I do

/ jim ja