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To: RocketMan who wrote (15873)	4/23/2000 12:34:00 AM
From: elpolvo	Read Replies (2) \| Respond to of 35685

rocketman- think back two weeks ago. you couldn't have made that post two weeks ago because you didn't feel that way. the only thing that's changed in the last two weeks is the level of the NAZ. the fed hasn't gotten worse about interest rate increases, the economy hasn't gotten worse, tech companies earnings haven't gotten worse. the ONLY thing that's happened is that everyone took a little money off the table (mostly to pay taxes - probably more taxes than ever in history - and don't forget those estimated tax payments for 1st Qtr - those babies were BIG this year too.). the decline hit the margined accounts and they had to sell too. both these issues fueled each other and made a big wound in the value of the NAZ. and it wasn't the houses and analysts saying that the new economy stocks were overvalued - they've been saying that every day for the past 3 years that i've been in the market. do you think everbuddie just all of a sudden said, "hey. they're right!" nosir. the exact same thing happened last year at exactly the same time to the stocks that had grown the most in the previous year. give it two more weeks to heal. then look back at yer post you just made and see if you feel the same way. i don't think you will - but if you do... by all means... post it again. my guess is that you won't even mention a NAZ 2900, it will sound stupid two weeks from now. no buddie likes to sound stupid. 'sept polvie and homer simpson. d'oh. love, polvie (i might be stupid, but at least i'm stupid)

To: RocketMan who wrote (15873)	4/23/2000 4:40:00 AM
From: limtex	Read Replies (1) \| Respond to of 35685

RM - Great clarity in the post re the subtle changes of focus and emphasis by Mr G. Actually his last appearance on the Hill one of the Senators almost got hostile. Oil price increases look to me like they have done it to the economy yet again. This has happened several times before and maybe the Fed doesn't mind it but Mrs Reno ought to and instead of threatening kids with machine guns they ought to be issuing proceedings against Venezuelans and any other OPEC representatives. noticed your comment about the economy being in recession. interesting that the reverse bond yield has been held by commentators to be an almost certain indicator of recession and this went into reverse a few months ago and now you are predicting it. I think you may well be right and this will all be OK provided we get a short recession. I don't fancy Mr Gore's chances against this background. "It's the market st...d" George Bush apparently blamed AG for having cost him the re-election due to his over conservative stance. Now the wheel has turned and Mr Greenspan is going to put Geroge Bush's son into the White House. Shame in a way becuase Al Gore is a great techie and I had hoped that his first act would have been to initiate a program to put an American on Mars and return him safely to the Earth.....now Al Gore is going to be just another also ran. Best regards, L