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To: Ilaine who wrote (39769)10/16/1999 1:58:00 AM
From: JF Quinnelly  Respond to of 71178
 
The "Soft Landing" exists in the land of the unicorn. I don't think the Fed can prevent the market from falling hard, especially if we have been living with an asset bubble... and I see a lot of reasons to believe that that is exactly what has been going on. Last fall's LTCM bailout threw gas on the fire, and reinforced the Bulls' illusion that the Fed "won't allow" the market to tank. Dream on, Bovine buddies....