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To: Sonny McWilliams who wrote (25466)2/21/2000 11:30:00 AM
From: Yaacov  Read Replies (1) | Respond to of 27012
 
Good Morning Sonny,

Thank you for your post. Made only two trades on Friday, INTC at 110 and 110.5, the limits. Bought ORCL, MSFT,and CSCO but didn't get to buy Dell at 35 7/8 and SUNW at 91.5. It was a mixed day with the stocks heading south. I beleive we will see a rebound on Monday, but general direction is still down. European markets didn't do to well. I bought Novartis, and NeslÅ  in SFR and hope to see a rebound in European marekts soon.

The EC Central bankers are going to rasie the rates again following in the footsteps of Mr. AG and I don't know to what extent it will help these markets.

Sonny, do you have any idea at what price MSFT traded after
markets closed on Friday afternoon?

Kind regards,

Yaacov



To: Sonny McWilliams who wrote (25466)2/21/2000 5:27:00 PM
From: Frank Ellis Morris  Respond to of 27012
 
Sonny I did see where Clinton was ranked as one of the worse President ever.

Now let me tell you what I stated to someone at Sun Microsoystems about what is going on in the markets. When the most powerful
man in the world next to the President of the US starts creating panic in the
financial markets by holding it to hostile threats and manipulations, that is going
too far. If I want 5% return I will buy bonds or long term treasuries. We do not need
the Chairman of the Fed telling us how high the stock market should go or that
stocks should not go up more than 5 or 6% annually. Give us a break. The bastard
should be fired immediately. I don't give a damn what he thinks he did over the last
10 years. This is a whole new ball game and economy shaped by the professional
hard working talents in the tech world. The leaders there are reshaping the world
we live and doing it in a way which is cost productive and maintaining low inflation.
That is who should get the credit for our economic growth not Greenspan. He is
just behaving like some out of control jerk who want to show that he has the power
to make and break the stock market. What has been going on for the past several
weeks in the stock markets is not a correction but a shouting match that people are
fed up with Allen Greenspan and his terroristic threats of aggressive rate hiking.
Everyone of your investments is a peril. You are not safe in anything with this cloud
of fear and uncertainty now hanging over us. Some people earn the power they get
others have it dumped in their laps and use it to mow over the rest of us. We need to
tell our politicians that we are tired of the abuse and we are not going to put up
with it any longer. This year it is time for change. We need to evaluate what is best
for America and vote for the party that may deliver the best results. I am not on
some kick looking for a scapegoat to blame. The stock market has fallen apart
because of one thing and that is the fear crap and actions taken by the Fed to slam
and hinder investing in the stock markets. We need to uproot and throw the
garbage out. It is pathetic that everyday we have to grind our finger nails worrying
about how bad the carnage is going to be due to loose cannon mouth of Allen
Greenspan, the garbage the media prints and the hostile intervention of the
government on any business. The markets should regulate the excess within itself
and industries should compete freely without intervention or prejudice.

Frank