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Non-Tech : Bill Wexler's Dog Pound -- Ignore unavailable to you. Want to Upgrade?

To: Bill Wexler who wrote (6057)	1/14/2000 12:57:00 AM
From: Druss	Respond to of 10293

Bill--You have some very good points. I am familiar with the San Francisco property values, some of my family own property up there. It is insanely valued. The problem we are looking at right now is that historically interest rates going up have been the cause of most market crashes. I think Greenspan may be irrationally exuberant if he thinks he can cool off the market in an orderly manner, or in any sort of controlled manner for that matter. Dropping the market to historical P/E values would at this point be considered a major crash. Once such a crash got going and the people out on margin, over extended on credit, and bitten by the fear bug got moving I don't see how he could expect to regulate the results. All the Best Druss