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To: Larry S. who wrote (23319)	5/12/2000 11:02:00 PM
From: John Solder	Respond to of 53068

rumors abound that CA is interested in taking out IFMX.

To: Larry S. who wrote (23319)	5/13/2000 9:01:00 AM
From: Ron McKinnon	Read Replies (2) \| Respond to of 53068

I sure wish that this was the middle of the summer what a time to be in the pool here, or on the Maine coast, or 20 miles offshore trying for Charlie sure not a time to be sitting in front of a computer trading there is nothing going on; like, nothing there is no volume NYSE not a single 1bil share day all week NASD volume low as well the S+P and the DOW just sat, did nothing the NASD down a few 100 points, 8% or so the DOW is smack dab in the middle of its 10k-11k (or 9700-11300) range the NASD did retest the 3400 low, I guess that's good, but 8% down does not bring cheers to the long crowd I made fewer trades this wek than I have in a very long time own fewer stocks than I can ever remember am as close to 100% cash as one can get without closing out all brokerage accounts I can't find a thing that I really like or have any conviction on, either long or short things may change after the FMOC meeting, or, they may not one thing that I do know is that at times like this the worst thing one can do is force trades just for the sake of trading a small trade here and there and a days pay is about all I want right now the few I made this week paid for our June cruise; to me that is a very good week when there is not a darn thing that excites me why take risk in a trendless market? why play the hero when it is obvious that the street has no clue what to do (going by the volume and sector swings) what is wrong with cash? once one gets into this trading game it is all too easy to trade for the sake of trading but all too often that does not put food on the table as the song says: "know when to hold them, know when to fol them, know when to walk away" Monday, or the week after, or in a few months things will give a signal that it is all clear to trade big again but I don't see that today so for now I am going to enjoy decent YTD gains, try to just earn a modest weekly paycheck, and sleep well collecting tiny interest payments on money market funds

To: Larry S. who wrote (23319)	5/16/2000 3:11:00 PM
From: Kelvin Taylor	Read Replies (1) \| Respond to of 53068

"A vigilant Fed is raising rates to attempt to contain inflation. It is doing a good job and I think we are close to the end of the tightening phase." after the rate hike today, think the FED is done? Speaking at a White House conference on the ``New Economy', Greenspan reiterated the Fed was worried by the strong growth in demand that was outstripping supply in the U.S. economy, a signal that the central bank remains firmly on track for further interest rate rises in the months ahead. While Greenspan said the Fed did not target equity prices, he issued a veiled warning about the recent run-up in the price of technology shares. ``History will judge' whether the expectation of sharply higher profits for technology companies that had driven the gains in their share prices was 'prescience' or ``wishful thinking,' he said. ``The persuasive evidence that the wealth effect is contributing to the risk of imbalances in our economy...does not imply that the most straightforward way to restore balance in financial and product markets is for monetary policy to target asset price levels,' he said. dailynews.yahoo.com Saturday April 8 10:22 AM ET Greenspan Theories Don't Tell Real Story By Pierre Belec NEW YORK (Reuters) - ``New economy' enthusiasts say Federal Reserve Chairman Alan Greenspan is living on a different planet and needs to go back to the drawing board to really figure out what makes this economy tick. Through words and deeds, Greenspan has launched a series of interest-rate increases to put the brakes on the economy and head off inflation. But some critics say Greenspan subscribes to academic theories that are quickly losing popularity. They believe the Fed is in too much of a rush to link theories and policies on inflation before it sees the whites of inflation's eyes. Its pre-emptive money policy, which has spurred five interest-rate hikes since last June, has cast a big dark cloud over the economy and the stock market. The central banker has been spinning theories and the economists have been peddling their nostrums in increasingly more worried tones that a low jobless rate can cause inflation and a booming economy will inevitably lead to demand that outstrips supply. It isn't so, some analysts say. What is happening, they say, is that there has been an important shift in the way the economy works, which is something that the Fed may not have noticed. Or perhaps, the old guard at the central bank prefers to ignore the profound changes that have been going on in the new economy until they become more widely accepted. The Fed, analysts say, is applying ``old economy' rules to the technology-powered new economy, prescribing interest-rate increases as antidotes to snuff out inflation pressures that have yet to show up on the radar screen. Higher interest rates have traditionally been used to dampen inflation, which can heat up in a rapidly growing economy. For a quarter century, economists have clung to the belief that the trigger for inflation is a jobless rate of 6.0 percent or less. Unemployment is hovering at a 30-year low of 4.1 percent, yet, there is still no inflation. dailynews.yahoo.com AG is going to do what ever it takes to keep the market from going up but so far. the wealth effect can only be tamed by increasing rates higher and higher to slow down and decrease consumer spending. not an issue of inflation really, but one of monetary control. therefore, I don't think the FED is done unless the markets crash and stay done for a good while.