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To: Eric Wells who wrote (80666)	10/14/1999 7:55:00 PM
From: Sam Sara	Read Replies (2) \| Respond to of 164684

No theories necessary: biz.yahoo.com

To: Eric Wells who wrote (80666)	10/14/1999 7:57:00 PM
From: Ben Antanaitis	Read Replies (1) \| Respond to of 164684

Greenspan is making a speech and hinting at a sudden very sharp decline in equity prices that will cause investor panic..... duh!

To: Eric Wells who wrote (80666)	10/14/1999 8:05:00 PM
From: GST	Respond to of 164684

Eric -- as posted -- from AG's speech: "These reversals can be self-reinforcing processes that can compress sizable adjustments into a very short period. Panic reactions in the market are characterized by dramatic shifts in behavior that are intended to minimize short-term losses. Claims on far-distant future values are discounted to insignificance. What is so intriguing, as I noted earlier, is that this type of behavior has characterized human interaction with little appreciable change over the generations. Whether Dutch tulip bulbs or Russian equities, the market price patterns remain much the same.