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To: William Hunt who wrote (26061)	5/22/2000 12:07:00 PM
From: Sonny McWilliams	Read Replies (1) \| Respond to of 27012

Bill. I heard talk that the oil industry will be very slow increasing oil output. But who cares? We are more interested in the China/WTO deal. Maybe that will bring oil prices down. gg. Sonny

To: William Hunt who wrote (26061)	5/22/2000 1:03:00 PM
From: Sonny McWilliams	Respond to of 27012

Bill. If you own SUNW you have probably read this post. It's a reply to our own Frank. I have to mention here again that AG supposedly wanted only a 1/4 point rate hike but was supposedly out voted. But even this was too much IMO. I, like that poster, have been against rate hikes with imaginary inflation. Maybe a tiny bit of inflation at certain times. But these rate increases could spell inflation, deflation, depression or are probably just a good way to get rid of our wealth effect. It's scary when we believe that the FED is now listening to news writers. Wow. I have been saying all along that when these pundits yell: We need rate hikes, we need rate hikes, the FED seems to listen. Sheesh. What do we pay them for? To follow the pundits screams? Or to follow the advise of some of those university finance professors that could probably not survive in the real business world? That reminds me. Didn't AG use this guy Schiller's words: Irrational exuberance? I guess he became Schiller's follower. And I thought in the beginning those were Greenspans words since I didn't read this stupid "irrational exuberance" book. The title is crazy enough that I did not want to make this guy any more money than he is already making on us. I guess he is pocketing that money or maybe it goes to the University? Message 13750599 BTW. Everybody screaming that we are going down even further will probably make it so, now that the retail investor is finally getting scared. Traders say that a good market will be ahead soon. Sonny