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To: John Madarasz who wrote (46568)	4/15/2000 10:03:00 PM
From: Crimson Ghost	Read Replies (1) \| Respond to of 99985

From another thread: PPT to the rescue? Apr I think you are right that Monday won't be the day. Michael Murphy writes the newsletter Technology Investing out of silicon valley. He was Morningstar's darling for 1999 with his picks up 157%. He claims to have close contacts within management of all the big tech companies. His hotline today was very interesting. He said other than some margin selling on Monday the sell off is over because the Fed is going to intervene Monday morning through its Plunge Protection Team. He then went on to explain that the Fed does periodically intervene in markets. He said the PPT operates out of the New York Fed and intervenes by purchasing futures on the CBOE. So there you have it. The PPT is not just the figment of the imagination of goldbugs. Here is the conventional investment community calling it by name, explaining exactly how it works and telling us to watch it in action Monday.

To: John Madarasz who wrote (46568)	4/16/2000 4:31:00 AM
From: DOUG H	Respond to of 99985

SEQUOIA NATIONAL FOREST, Calif. (AP) - President Clinton reassured Americans about the economy after Wall Street's sharp plunge, saying Saturday that ``I still think we're going to have a very good year' with modest inflation and strong growth. The president said the investment climate and markets ``will take care of themselves. I think that they'll go up and they'll go down but I think long-term trends are quite positive There's a guy worth believing.. <g> Looking forward to minimum wage hike, I can always raise my prices.