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To: Chip McVickar who wrote (335)	11/29/2000 9:17:23 PM
From: Raymond Duray	Respond to of 12410

Hi Chip, Maybe they'll shortly find that their selling is over done...? Milord, perhaps they doth protest too much? What we seem to miss is that this economy is still very strong The GNP was smokin' at a 7.5% annual growth rate Q499. This next period is shaping up to be +~2%. So there is a 74% decline in the the AGR, and you aren't alarmed, apoplectic and panicked? Me either. But it is true that concommitant with the slowing of the derivative rate of change of the rate of GNP growth, we are also getting more notification of the slowing of growth in corporate profits. Something we weren't dwelling on over the last couple of years, becasue it was such a rosy scenario. And, in the case of the dot.bombs to a delusional disregard for basic business principles. But, manias and hysterias never seem to last forever. Except maybe in the case of religion or presidential politics. It's like going from $150.00 to $75.00 Champagne. It's all quality champagne...! Yes, but it's still a 50% reduction in revenue and probably an 80% reduction in earnings. Not exactly something to toast with unqualified good cheer. Their equilibrating mechanism is not that finely tuned I believe they said the same of the Marquis de Sade. Nozdrahvia, Ray :)