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To: Rocky Reid who wrote (16873)	11/29/2000 2:28:41 PM
From: orkrious	Respond to of 60323

What are the chances for a Greenspan emergency session to lower rates? I think that would give this market a kick in the pants. IMHO no chance. Until the employment picture changes and people start losing their jobs, they are standing pat. Jay

To: Rocky Reid who wrote (16873)	11/29/2000 2:41:33 PM
From: Dale Knipschield	Read Replies (1) \| Respond to of 60323

I doubt if Greenspan sees this as an "emergency". IMHO, he probably sees it as a desired result of his "genius" in managing the money supply and interest rates. If the Dow were tanking along with the NASDAQ, he might see more of a case for doing something. But as long as the carnage doesn't spill over into the Big Board, I believe he's viewing this just as an opportunity to douse some of that "irrational exuberance". If high oil prices, huge shorting by the hedge funds, dissing of techs, continued election uncertainty, and increasing loss of confidence by the public continues, however, he might have more on his hands than he can handle with a mere lessening of interest rates. Just like higher rates take time to slow the economy down, lower rates don't act overnight either. If he isn't careful, he could have an avalanche on his hands. Regards, Knip

To: Rocky Reid who wrote (16873)	11/29/2000 3:34:30 PM
From: limtex	Read Replies (1) \| Respond to of 60323

RR- What are the chances for a Greenspan emergency session to lower rates? OK lets imagine the scenario....over at the Fed. Mr G is sitting at his desk basking in the reflected glory of having finally been proven right about ""Irrational Exhuberance" when an assistant crawls in and says:- " Oh Chairman, Great One, Master of the Fed, President for Life, One that Makes Men Temble... the NAZ is crashing and the day traders are getting hurt. Couldn't we do a little rate lowering today, just a small one of course, please or maybe even a little tiny little announcement about bias or something or anything to ease the situation for the NAZ stockholders?" Anyone want to guess the reply? Best regards, L

To: Rocky Reid who wrote (16873)	11/29/2000 4:43:33 PM
From: Starlight	Respond to of 60323

Rocky - On CNBC today they talked about the possibility of lowered rates, but the consensus was that until the election is settled, it won't happen. There's too much uncertainty about whether the winner will endorse LARGE tax cuts (Bush) or a much smaller tax cut (Gore). The large cuts could be inflationary, so until the winner is known, there probably won't be any interest rate changes. It's all about the election, the election, the election ... Betty