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To: James Strauss who wrote (6016)	4/17/2000 4:16:00 PM
From: Joe Smith	Respond to of 13094

I agree. I am thinking that he does not want to go down in history as the man who brought this expansion to an end. He does pretty well for someone hewing to conservative, outmoded theories. It is interesting that we are getting the Y2K effect that we expected at the beginning of the year in April. Had we no had that bubble of liquidity this Winter, we would probably be in a much more stable market now.