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To: w2j2 who wrote (448)	4/15/2000 11:01:00 PM
From: FR1	Read Replies (2) \| Respond to of 1805

Greenspan has been worried about " irrational exuberance" now called "wealth effect". He has now solved that problem. Boy you sure got that right. The question is has he killed all exuberance - period (ie how many dollars have we scared away from the market altogether). Invest in our economy and you will lose money. Japan and the pacific basin will tank deep on monday. You can bet they are not gonna be happy campers. It might and might not have a impact on us. Personally, I think we will rally as the earnings come out Tuesday and Wed. The drop was deep and serious enough, however, that I think we should have heard more support talk from AG. Five straight days of drops with the biggest one in history on Friday. A news conference by AG would certainly have been in order. Just standing around while the economy you are hired to stabilize falls apart makes AG (and the US gov) look completely out of touch. We show no leadership. It would also help lessen the blow to the pacific basin countries on monday if AG gave a news conference with assurance that things are all right and we will not let the market go to hell. No talk is almost a insult (you guys don't matter and I don't care what happens).