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To: Yaacov who wrote (26575)	10/11/2000 11:47:10 AM
From: William Hunt	Respond to of 27012

Yaacov ---Well we have done the following : 1)Mr Greenspan has done away with the wealth effect ---starting to really feel the man is so out of touch that he needs to retire . By doing this to the market we are headed to a recession . Do not understand where the low un-employment figures are coming from unless they are fudging the numbers to help MR Gore and the Democrats get elected . 2) My understanding of the market is that it is a forecasting tool for where the economy is headed ---well the Fed better wake up ! 3)At least it is some solace that the Houses are suffering too ---no big bonuses this year ----their mutual funds are definitely going south also . Also their will be some major layoffs between their constant bashing of the market and consolidation : Really suprised that they have not started yelling about the economy slowing down so that we need to lower interest rates ? BEST WISHES BILL PS ---THEIR MUST BE A TON OF CASH ON THE SIDELIN ---BOY i WISH I HAD SOME ---I WOULD BE BUYING LIKE CRAZY