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To: lorrie coey who wrote (5106)	3/23/2000 1:00:00 PM
From: Yogizuna	Respond to of 17683

The eccentricities of the recent market action, can only be described in the most oblique terms, as we come to grips with the reality of the increasing speculative situation, which masks an underlying environment of uncertainty and extreme urgency on the part of those who feel massive insecurity in no uncertain terms about the overwhelming possibility of possible future job loss, we must keep in mind that while history may not be a firm guide to future probabilities, we have the obligation to remain eternally vigilant, while at the same time allowing the freedom of extreme speculation for those individuals who wish to take part in the growth of the new economy. Therefore, while we at the Fed of no Reserve do not have any assurances that recent market behavioral patterns will continue until they can no longer continue, we must keep in mind that growing inflationary forces in certain sectors of the economy, while not necessarily destructive in and of themselves, nevertheless may raise a threat that can no longer be ignored in the longer term scheme and pattern of future economic activity..... Yogi Greenspam