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To: GST who wrote (92313)	1/26/2000 11:22:00 PM
From: dclapp	Respond to of 164684

agree.

To: GST who wrote (92313)	1/27/2000 12:47:00 AM
From: H James Morris	Respond to of 164684

Gst, contrary to Williams opinion $money keeps moving. >Market watchers braced for Federal Reserve Chairman Alan Greenspan's testimony before the Senate Budget Committee, which held a hearing today on his re-nomination to the Fed's top position. Mr. Greenspan's testimony turned out to be a non-event, as he made mostly innocuous statements and offered no hint as to whether the Fed was likely to raise interest rates at its upcoming meeting. In describing the Fed's role in the U.S. economy, Mr. Greenspan stated: "Our challenge in monetary policy is to foster, as best we can, the financial conditions that will allow this economic expansion and technological revolution to continue as long, and as vigorously, as possible." Mr. Greenspan is virtually assured to be confirmed by the Senate to his fourth term as Fed Chairman. While tech stocks sold off today, financial stocks performed well, with Merrill Lynch (NYSE:MER) surging 6 3/16 (+7.64%) to 87 3/16, Chase Manhattan Bank (NYSE:CMB) rising 3 7/8 (+5.19%) to 78 1/2, Goldman Sachs (NYSE:GS) gaining 4 3/8 (+5.22%) to 88 1/4, JP Morgan (NYSE:JPM) soaring 7 3/16 (+6.19%) to 123 3/8, and Bank of America (NYSE:BAC) up 2 (+4.43%) to 47 1/8.