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To: Lee who wrote (140945)	8/29/1999 8:43:00 PM
From: Mehitabel	Respond to of 176387

Lee-- thanks for an excellent (calm, sober, rational and detailed ;o) discussion. best regards

To: Lee who wrote (140945)	8/29/1999 9:10:00 PM
From: Ian@SI	Respond to of 176387

Lee, Welcome back. Your posts are certainly in the best of form; I hope that you are as well. I guess no one remembers that lowering the rate 75 bp last fall helped kick off a very nice gain since last October's global financial crisis. Seems to me that all the talking heads have forgotten about the pre-emptive rate increase prior to the 75 bp easing last fall. By my math, [i.e. - 25 + 50 = 75], Alan has restored the equilibrium already; and risks bringing on the need for another quick 75 bp or so easing if he goes that one step or so too tight. Besides, it looks as if the bond ghouls are almost ready to say, "enough is enough!". If people constantly listen to the media and don't read or think for themselves, then I guess we will continue to see these tantrums whenever the market has a down day. Sheesh, the market's supposed to just go up daily!<g> Darn! And I thought that I could just buy anything then sit and watch myself get richer minute by minute. <vbg> Best regards, Ian.

To: Lee who wrote (140945)	8/29/1999 9:29:00 PM
From: Brian P.	Read Replies (6) \| Respond to of 176387

Thanks for your fine post, Lee--a real breath of fresh air. Finally a rational and thoughtful adult voice amongst all these children screaming and egging each other on about the big bad boogey-man Alan Greenspan and how he's taking away their candy, i.e., an ever-soaring, get-rich-quick, I-can-quit-my-job-in-three-years! stock market, it's the American way goddammit!. Get a dose of reality-testing folks--Mr. Greenspan is only the messenger and a far larger-minded and well-informed one than all of you put together. Your childish and remarkably thoughtless, narrow-minded ranting and raving about the Fed chairman is ludicrous, as is the occasional libertarian free-market clap-trap some of you trot out here to rationalize your rants. You live in a society, people, that is much larger than your little stockmarket-casino you live and die for--when did you get so entitled? The market drops a few points on a Friday and you get all worked up about the end of democracy and capitalism as we know it. Who will you cry to when the market crashes because someone like Mr. Greenspan didn't stop to give a moments thought to the "irrational exuberance" you love to deride? Now, how much longer will some of you geniuses go on muttering about how Mr. Greenspan is "trying take down the market" and ruin your life?? How many more ridiculous threats to write to the President and get Mr. Greenspan fired or, unbelievably enough, threats on his very life and well-being are you going to spew out here?

To: Lee who wrote (140945)	8/30/1999 12:09:00 AM
From: Mick Mørmøny	Respond to of 176387

Hello, Lee. Here we are and you think I missed your post? You did a fine job, too. For all the cares and tensions on this "crazy" board, you'd be the last one to want special recognition as one of the best posters. You have the rare ability to effectively present your ideas whenever they are called for. Thank you for being a part of this thread. Best regards, Beni2 and you know the rest...

To: Lee who wrote (140945)	8/30/1999 12:20:00 AM
From: stockman_scott	Respond to of 176387

<<Sheesh, the market's supposed to just go up daily! ..>> Lee: That's what I thought too..!! Actually the turbulence makes investing more exciting. I expect that we will see the DOW and Nasdaq finish the year at record levels BUT we will experience some volatility getting there. IMO, there could be another October sell-off (I mean buying opportunity <VBG>). I continue to be quite fully invested and I'm sleeping very well at night. Thanks for your contributions to the thread....you make too much sense . I hope you have a DELLeva' week. Best Regards, Scott