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To: Loki who wrote (78769)	2/26/2000 11:00:00 PM
From: Piotr Koziol	Read Replies (1) \| Respond to of 97611

Loki, I would speculate that Alan Greenspan is forced to choose the interest rate hike in order to affect NAZ in an indirect way. By cooling off the traditional companies he's slowing down their purchases of the high tech which should sooner or later cool off even the highest flyers of the NAZ economy, trust me :^) /Piotr

To: Loki who wrote (78769)	2/27/2000 1:06:00 AM
From: Night Writer	Read Replies (1) \| Respond to of 97611

Loki, Maybe we don't understand Al's definition of wealth effect. Maybe what he is talking about is the wealth being created by companies going public. Maybe he is worried about Bill Gates, Mikey and Larry. Maybe it's not us at all. The market has not as kind to individual investors as it has to the individual sellers. Yes the advance decline ratio certainly reflects a bear market. Currently the old lady DOW is having a hard time, and the immediate future isn't looking too bright for her. Higher energy costs, higher money costs, higher labor costs, and many be a stronger dollar. Not a pretty picture. Agreed, she has to buy tech to increase efficiency, but how much will she be able to afford? It currently looks like OPEC will get their pound of flesh. Glad I prepaid for my oil this winter at $.84 a gallon.<G> At current prices, it was over a double bagger investment. Bottom line, I think Al is more worried about the politicians giving tax cuts then the stock market. He wants the debt paid down and tax cuts used as an economic tool not a political tool. The stock market is just a side show and the politicians don't get it. Or maybe they do get it, and the stock market is just a scape goat. NW

To: Loki who wrote (78769)	2/27/2000 5:19:00 AM
From: JDN	Read Replies (1) \| Respond to of 97611

Dear Loki: You do not understand AG cause you are mistaken in thinking he is attacking ANY portion of the stock market. That is false and AG said so himself when pressed. He is attacking the red hot economy. If there are any small business owners on this thread perhaps they would like to attest to how difficult it is to recruit ANY workers. Construction industry is particularly affected. Anyone building a new home, factory etc today likely will require much more time and run the risk of shoddy construction purely because there is a dirth of qualified workers. The really large companies, particularly in high tech, I presume overcome this obstacle with their generous financial incentives, recruitment overseas and what not. But the lions share of the business in America is SMALL business and they are struggling. It is that which AG is addressing not the stock market. JDN