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To: 16yearcycle who wrote (44837)	10/15/1999 1:00:00 AM
From: cfoe	Respond to of 152472

<Lets say we had another 25% drop in a day. Would [AG] be happy?> Hey, maybe this is his strategy - precipitate a big drop in the market so he can lower rates and look like a hero again like last year. If they reduced rates in a more orderly way last summer ('98), they wouldn't of had to do it the way they did.

To: 16yearcycle who wrote (44837)	10/15/1999 12:27:00 PM
From: engineer	Read Replies (2) \| Respond to of 152472

I went back and watched his speech. while I think he comes out and speaks way too much, he had one good message in his speech. Way too many people are using every leverage they can to buy stocks these days and with a market that just goes up every day, they can get suckered into having too much margin debt versus the actual saftey they have. I agree with him that many investors are in a mode where getting what used to be an incredible rate of 15% yeild per year are now griping when they do not get 15% per DAY. This is where the US was in 1929 and everyone was making moeny like crazy. but 1933 was not alot of fun...... This part of his message should not be lost in all this. the rest about wanting to slow down the market is just a bunch of booga....