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To: Boplicity who wrote (7227)	12/5/2000 5:09:41 PM
From: McNabb Brothers	Read Replies (2) \| Respond to of 13572

Greg, Pretty good day! >VBG< Just a few observations about what happened today: (1) The Gov. bond rose much stronger today then I believe most would have expected with such a strong stock market! (2) It's just a few days before the Fed meets where Alan could have said just about the same thing he did in his speech today! (3) Commodities remain very weak over all, even oil dropped big time today! From the above three observations I believe Alan was a bit scared that the stock market was just about to roll over a cliff any day now, if not why not wait just another week to go public with such a strong statement. With Oil going down today tells me that the traders in oil took Alan's statements that the world economy is weakening very fast and if so the demand for oil will drop, along with other commodities. In all I took his speech today as he is running very scared and he sees things and hearing things that are saying he has over did it! In short I think Alan sees a very hard landing right around the corner if not a short recession. Looks as if the market predicted the same thing about 9 months ago when it began to drop and now we are headed back up to forecast that 6 to 9 months from now Alan's actions now will bring us out of the slump! Hank