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To: Mark Peterson CPA who wrote (12446)	8/9/1999 7:57:00 PM
From: HECTOR RUBERT	Read Replies (1) \| Respond to of 19700

We seem to mirror YHOO's moves...how much blood do brokers want to see? People talking about 10% corrections...hey...the net sector is currently under a 60+% correction. Bond yields at 52 week highs 6.24% I have to take a contrarian look and see bonds rallying a bit tomorrow. The bond market is pricing in .25 rate hike in August and .25 rate hike in October. I honestly see this as over kill. With Y2K looming ahead...restraining liquidity to that extreme will kill our economic growth as consumer spending will be driven out of the market. With election year ahead the Fed should do whatever it can to add dressing to economic growth and prosperity. Increasing rates 3 times before an election year has never been done and I expect political pressures will be in full force to prevent this from occuring. Hec