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To: Voltaire who wrote (19499)5/19/2000 7:52:00 PM
From: limtex  Read Replies (1) | Respond to of 35685
 
Vol - Phew - always good to hear you and nicely calming. Like ot hear from UF today/tomorrow as well. Then I can sleep.

Still say better to have gotten out in April as we are now beginning the Mother of all Bear Markets. Even stars like the Q down regularly, daily regularly $6/$7 per day. Another 10 days of this and the Q will be at $20. Maybe thats where it should be and we should just accept it. P/E of 25 not so bad? Will Mr Greenspan and the Fed be happy then? Will they finally be sated. Will the market have been smashed down to a level that they finally like.

And what about that 'Wealth Effect' where is that in reverse? Why no coments from the Fed that the wealth effect that had apparently been so damaging has been shattered?

Best regards,

L