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To: Boplicity who wrote (5928)	10/12/2000 10:53:23 AM
From: quidditch	Respond to of 13572

Greg, agree re. need for Dow to come down (albeit there are still loads of high multiple Naz stocks probably not deserving) and ME seems to be a catalyst there--viz. spike in oil prices this morning. But AG to lower rates in response--doubt it--too close on heels of his "vigilant watch for resurgence of inflation" talk. This is political/war risk in market. And while this can have further impact on credit market spreads, I think AG will lose credibility if he is seen to loosen at the first hint of the "next" crisis. Steve