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To: Yaacov who wrote (110819)	9/22/2000 1:36:51 PM
From: michael97123	Read Replies (1) \| Respond to of 186894

I differ with you on a couple of points. Sometimes perception is more important than facts on the ground and although the euro and oil may be stuck at present levels for awhile longert, the actions taken to alleviate the situation by politicos are appreciated. Conversely if GWB & DC are viewed as pawns of the oil interests, they will suffer politically. I am just talking the politics involved not necessarily which policy is right. Also the markets react the same way and if current pressure on oil prices continues with a symbolic release of some small amount of the reserves both democrats and bulls will prosper. With the euro analysis is a little bit more difficult. I am sure they would like to turn the euro around with joint us/europe intervention rather than with rate hikes given the weakness appearing in european economy.