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To: pater tenebrarum who wrote (77390)	11/30/1999 5:54:00 PM
From: Ken98	Read Replies (2) of 86076

Heinz, have you thought about the extraordinary chain of "events" that propelled this rally off of the October's lows? Starting with the middle of the night compromise to repeal Glass-Steagall (after a couple of years stuck on the Hill) coming when the indexes looked their bleakest; then the cooked CPI/PPI numbers that we were all assured would cause the Fed NOT to raise rates; then the "New Era" additions to the DJ30; then the Barry article telling everyone that his Fed sources "assured" him rates would not be raised; then the Greenspan "new era of productivity" speech. EACH of these "events" was good for around 2-3% on the NDX and a lesser amount on the DJ30. Culminating, of course, in the Fed rate increase and subsequent flood of liquidity and even higher highs. Was this the ultimate distribution rally? Or can they keep it levitated until end of year cash flows increase? Of note, look at what just came across the wires when things get a little tough for the Net boys: <<Alert: S&p 500 Says Adding Yahoo! , Yahoo to Replace Laidlaw (NasdaqNM:YHOO, NYSE:LDW)>> <<Alert: Yahoo Trading at 235, Up 22-1/4 From Tuesday's Close-traders (NasdaqNM:YHOO>> Neat trick, huh? Regards, Ken.

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