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To: William Hunt who wrote (26112)	5/25/2000 6:32:00 PM
From: Sonny McWilliams	Respond to of 27012

Bill. Yes. You are absolutely right. It could not have happened to a better house. gg. And then Abby sits next to the FED chairman and feels her oats. I really don't know what is going on with these houses though. Well, maybe I do. Here the NAZ finally goes up 2 days in a row after 4 brutal days and this MER analyst comes out in the afternoon and squawks about GS. Another house follows suit and the DOW really tanks and the NAZ follows suit. Not to the same extend, since they had been up over 70 at the time. Now give me a break. Why did this analyst have to come out with a statement like this on a day like this? He lowered his estimates, I think his is the lowest on the street now for GS. I guess he just fig. out that brokerages may not have the same business in this quarter after they managed to drive the markets down. I believe he lowered his estimate by something like 47 cents, but don't quote me on that. Anyhow. What on earth does a lower earnings expectation for GS have to do with the rest of the market? Most stocks, that were in the green, ended up in the red after this news came out. Those analysts have made sure that investors are so jittery that any inkling of something being wrong, will do damage to the markets. And day traders of course have a lot to do with it also. But some investors, of course, take any little bad news and go for so called save havens. Bonds, money markets, supposedly safe stocks. Those analysts have this stuff down pat. Let's see how MER does with their earnings. That reminds me. Maybe a little animosity with GS by MER about this European credit line deal for, I believe, an internet company? Hopefully we will not have a very bad day tomorrow considering that there is this long weekend. Yes. A lot of money went to the Clinton campaign by Lawyers. You have to show your appreciation somehow. Yes. Rick Lazzio could be a savior. I am with you. Good grief. A possible 6 years in the Senate. How could we survive THAT? Could spell more aggravation than the stock market in the last cpl of months. Sonny

To: William Hunt who wrote (26112)	5/25/2000 10:34:00 PM
From: Sonny McWilliams	Read Replies (2) \| Respond to of 27012

Bill. Here is an article on some of todays actions. I guess I was a little off on the earnings reduction for GS by MER. gg. I have no idea now where I got my fig. from. dailynews.yahoo.com The Bear Fund, David Tice, has never made any money in prev. years since its inception in 1996. It finally returned 15% this year. Hm. 15% in 4 years. How much is the avg. for 1 year? It's too big for me to fig. out. gg. Anyhow, he is licking his chops now and calls for a big down turn. I guess the Fund was founded a cpl years after Greenspan first called this an irrational exuberance stock market in 1994. I guess he fig. that if it was irrational in 94 it had to be irrational in 1996. This must have been even a worse scenario for those Fund investors than what we are going through in the last cpl of months. I am banking on it that this down turn will not last 4 years. But it could be another rough day tomorrow. The futures are down already. Here is another Msft article. dailynews.yahoo.com TWX and DIS settled their disagreement and have a new contract. Until tomorrow Sonny PS. I found the article about the Prudent Bear Fund again. Yikes. Let's hope that this new call is a shot in the dark also. dailynews.yahoo.com