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To: Voltaire who wrote (851)	1/17/2000 7:19:00 PM
From: Jill	Read Replies (2) \| Respond to of 35685

. I will have more to say about my position on this a little later, all I can say is I was stupefied by his speech. I think there was a lot more there than might have met the eye. I felt exactly the same way. I felt at last he had really metabolized the revolution that is occurring, and that he really does want it to continue. He's not as bearish as he was. He may attempt to draw in the belt a bit, but I finally felt he was on "our" side, whatever that means! Glad you're having such a lively social life! :-)

To: Voltaire who wrote (851)	1/17/2000 9:49:00 PM
From: leapster	Respond to of 35685

Voltaire Thank you for the advice! Go Q! Leapster

To: Voltaire who wrote (851)	1/18/2000 1:58:00 AM
From: elpolvo	Read Replies (6) \| Respond to of 35685

voltaire- since you're going out... can i have yer chair? <polvie climbs up in the throne and gazes out over the kingdom, errr, porch. all eyes are on his feetsies... which miss reaching the floor by a good 18 inches. "fetch me my pipe and slippers and i'll tell ye a story," he beckons to the crowd with a wave of hand and a glint of eye, fauxmocking the great voltaire.> <"it was a dark and stormy night," he begins... before he can continue he hears the familiar sound of the lear door closing.> <"sht, he's home. quick! under the porch!" shout his frightened angelitos.> <exploding backerds offa the chair in the perfeck image of a cliff diver, polvie rips a three inch tear in his speedo, picking up a nasty little splinter in the end and a painful bimp on his forrid.> <"serves the little dipwad right" mumbles jim willie as he scrawls a fat zero on a white card, holds it upwerd, and spits a loada terbackey juice low and to the right.> <writhing in pain and bleeding the blood of a thousand better men, polvie claws his way under the porch. he digs a quick brown foxhole, deposits his ego and covers it completely with the letters entrusted to him by scores of friends who cannot post on SI. letters of love and praise for the exalted voltaire who has so unselfishly guided them to riches and good fortune and a sense of well being through his mystical stories of trains and rockets and time compression travel.> <there he lies, shivering, eyes wide, listening for falling stars.> <"it wasn't s'posta be this way, i was s'posta deliver the message to garcia. now i've even embarrassed poet who was kind to me," polvie sniffles.> <"shhhhh. they'll hear you," caution his angelitos> <"who are... they?*" polvie whispers> voltaire. i come with a message from scores of good people in the land of yahoo: "we love you man!" -polvo

To: Voltaire who wrote (851)	1/18/2000 3:52:00 AM
From: mtnlady	Read Replies (1) \| Respond to of 35685

First time on the porch (well I admit I've been 'lurking' for awhile ;-). I had the same impression of Greenspan's speech. Very, very interesting. My impressions were... a) Even the fed knows something VERY, VERY BIG is going down in our economy. The internet, and all that 'that' implies is truly a HUGE revolution for our economy/way of life. b) Wireless, fiber optics, B2B e-commerce - HUGE places to be right now. Epicenters of 'the movement'. c) Wealth being generated beyond imagination and that wealth is trickling/flooding 'down' to the masses through stocks. A relitvely few number of highly, HIGHLY valued (over valued, right valued, under valued?) stocks controlling 80% of the wealth. Internet trading amplifying EVERY affect and moving control (slowly) into the hands of everyday investors. And I might add another facit of the revolution that will shake the very core of the investment and banking establishment. How will they fight to regain/attempt to keep control? d) Greenspan concerned about this wealth and the spending 'excesses' it causes. Admits the fed doesn't have a clue, or formula, to measure/predict our "new economy". e) Doesn't want to hurt economy, doesn't want economy to hurt itself... so we shall see small raises in interest rates... What I marvel at though is the width, and breadth of this revolution we are in/. When I heard his speech... wow... We could all see it but when the conservative Fed basically 'sees' the same things AND the same sectors... Thankful to God that my/our investments should see the rewards of this revolution. Hoping we all 'do the right thing' with our new found wealth. What a time we live in no? By the way... my gut also agrees with your correction thoughts. I think we are going to see one heck of a trampoline this year. Definitely starting (now!) to work my investment strategies in new ways to take advantage of these dips - and get rid of my margin! I see $$ to be made in the dips (i.e. buy 'low') this year just like $$ was made in the 'runs' last year. Love hearing your insights V :-) Thanks for your words of wisdom. E

To: Voltaire who wrote (851)	2/19/2000 9:51:00 AM
From: stockman_scott	Read Replies (1) \| Respond to of 35685

Hi Voltaire.... Here is the Briefing.com on the market...FYI... <<16:09 ET ****** Weekly Wrap: As this week closes, it is time to admit it. It isn't just the Nasdaq Composite index calculating computer that is broken. All traditional correlation factors are broken. For example, it used to be that rising interest rates kept stocks from rising. Now, it seems the opposite is true. In 1999, rates rose 150 basis points, yet the stock market, particularly the Nasdaq, had its best year ever. It used to be when Greenspan even spoke about rising rates, the stock market retreated. This week, he did just that, but the Nasdaq rose anyways. In fact, it used to be when Greenspan even spoke about rising rates, that bonds fell. No longer, apparently, because bonds rose this week. It used to be that you could say something like "the market rose" because, in general, most stocks traded the same. Now it is more common for the Dow to be down when the Nasdaq is up, and the Dow to be up when the Nasdaq is down. Despite today's action, this point was driven home strongly this week, as the Dow and Nasdaq moved in opposite directions, sometimes in big spreads. And today, until the Nasdaq Composite calculation broke, the Nasdaq was about even for the day, while the Dow was down more than 100 points. And for the week, the Nasdaq was still up, while the Dow was slaughtered. And all this while interest rates fell this week. Go figure. Friday Thursday Wednesday Tuesday Monday DOW -293 -46 -156 +198 +94 Nasdaq -133 +121 +7 +2 +23 Regardless of what you think about all the stories of "the new economy" that are used to justify high valuations, you have to admit one thing: this isn't your father's stock market. Weekly Returns Symbol Close Weekly Change Percent Change Dow Industrials (INDU) 10,221.07 (204.14) -2.0 % S&P 500 (INX) 1346.60 (40.51) -2.9 % Nasdaq (COMPX) 4,415.65 19.42 0.4 % 30-Year Treasury Yield NA 6.15 % (0.13) (13 basis points) NM Next week should be calm as far as economic releases go. A revised GDP number comes up, but we know it will just show really strong growth again (the initial number was 5.8%). Durable goods orders may show a decline, according to Briefing.com's own economic forecast, but the durable goods number stopped being meaningful a while back. The Nasdaq daytraders couldn't care less about sales of dishwashers. This week's theme is the lost correlation of the "old days" and most economic releases seem to have lost their power, as well. At least the minor ones have, and that's all we have next week. Come to think of it, there is even lost correlation within the economic releases. Oil prices have skyrocketed, but inflation numbers continue to say everything is cheaper. Well, not everything of course. In the last two years, the only real hyper-inflation has been in the stock market itself. - RVG >> ------------------------------------------------------------- I hope your surgery went well. Have a good weekend. Regards, Scott