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To: Ed Forrest who wrote (67912)2/24/2000 10:26:00 PM
From: Voltaire  Respond to of 152472
 
Ed,

there are two things that prevented a temporary disaster, the geometric improvement in the Time Capsule and the run up we had yesterday. Houses tend to protect their inventories in positive Time Capsules just like they did in the supposedly bad Time Capsule in Oct and November because they were looking ahead, same here. Monday and Tuesday will be the last negative test for the markets for about the next three months.

We continue down the Yellow Brick Road and there is nothing they can or will do about it at this particular juncture. One of the few times you will see the Fed and Houses with very little control, maybe first time in history.

v