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To: accountclosed who wrote (22289)	2/28/1999 12:35:00 AM
From: wlheatmoon	Read Replies (1) of 86076

Today is a very important day. It's been demonstrated to anyone with an IQ over 10 that this tech melt-up has been a false dawn. The market can't been saved by a Fed rate cut because the bond market is already in the tank after the last three. There won't be a rate cut, earnings suck, the P/Es are ridiculous, people have been buying stocks simply because they've been going up and they act well, and they don't have any clue as to what they own. If this isn't a recipe for disaster, I don't know what is. Fleck just excluded many of the diaper wearing money managers and analysts on wall street.

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