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To: William Hunt who wrote (83364)	10/12/2000 5:26:30 PM
From: Ibexx	Read Replies (3) \| Respond to of 152472

The current market coupled with the Mideast crisis will cost Democrats the presidency and significant number of seats on Capital Hill. Too bad Al Gore simply is not destined for the job; God seems unwilling... The above is an unofficial view of some veterans on the Street (whom I talked to today.) Ibexx

To: William Hunt who wrote (83364)	10/12/2000 5:26:59 PM
From: Maurice Winn	Read Replies (1) \| Respond to of 152472

<the wealth effect has definitely disappeared> Oh, I wouldn't say that. Check out the window and see if you can spot any SUVs - monster vehicles carrying 50kg of protoplasm burning oil at $35 a barrel. Mqurice

To: William Hunt who wrote (83364)	10/12/2000 10:17:09 PM
From: David E. Taylor	Respond to of 152472

Bill: Budget surplus in a recession? It won't take a recession to wipe out the budget surplus. I wonder if the politicians and Greenspan have figured out yet that if the markets stay where they are, their cherished budget surplus will simply not materialize this fiscal year. A trillion dollars of capital gains disappeared multiplied by whatever tax rate you want to assume will ensure that tax receipts next April will be down by several hundred billion (+/- a hundred billion or so) from their rosy assumptions. But they've already spent this year's surplus right? They'd better start thinking deficits again. David T.