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To: GST who wrote (91549)	1/19/2000 11:26:00 PM
From: Robert Rose	Read Replies (1) \| Respond to of 164684

<They can go "poof".> That's why I'm 65% cash and I'm diversifying my assets. I don't like "poof." <g>

To: GST who wrote (91549)	1/20/2000 2:40:00 AM
From: JBL	Read Replies (4) \| Respond to of 164684

In 1928, despite signs of feverish speculation, the Federal reserve was hell bent on helping European currencies, and refused to raise rates. When rates were finally raised in August of 29, (from 5 to 6 %), the bubble had already become unmanageable. In 1998, Greenspan saved Asia, but doomed the US market by allowing manic speculation to take hold. With consumers and companies leveraged at levels never reached before, valuations so absurdly high, and new IPO schemes sucking liquidity like a black hole, this market has become a Greek tragedy. With systematic risk so high, the trigger event that will take down this house of cards could be a fairly minor one, much like the Thailand defaults were for the Asian markets a couple year ago.