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To: jjetstream who wrote (43660)	12/16/2000 10:19:21 PM
From: KevinThompson	Respond to of 57584

I hate to say it, but I'm afraid you are probably right. AG may be giving indication of a loosening on the horizon, but he is just one of several on the board of governors. The FED is slow to reverse trends and I haven't seen anything that would suggest they will be changing that slow behavior anytime soon. If you recall, earlier in the year, at one of the meetings where they hiked the rates, AG had publicly stated that he did not feel it necessary, but he was out-voted. He is not all-powerful, even though he is the chairman. That being said, I will be surprised if they don't at least go to a neutral bias. There seems to be plenty of signs that the economy is slowing and that there is evidence that it is cooling off. Whether it's gotten chilly enough for the FED such that a rate cut is indicated, who knows? You are right, whining by stock market investors / traders is not a reason for the FED to take action cutting rates; even though the extreme bullishness of the last couple years was certainly a big reason rate hikes were implemented. On another note: can anyone offer any good information on earnings pre-announcement guidelines? What are the guidelines for pre-announcement prior to the report? Are there any strict rules? Dates? Magnitude? etc. Thanks in advance, KevinT

To: jjetstream who wrote (43660)	12/16/2000 10:59:13 PM
From: American Spirit	Read Replies (3) \| Respond to of 57584

I think you underestimate Greenspan's caring about the market. It's not just MSFT at 50 it's hundreds of little companies whose stocks have gone down the toilet, mostly internet firms. Like my ESHR selling at 50% under book and being valued at 2x cash in the bank or 14 million, just 1/4 of one years revenues. That is absurd under-valuation for a relatively healthy company. He can staunch the bleeding for companies like this, companies which millions depend on. Also for MSFT as it should indeed be worth at least $50 a share. A little unemployment is one thing. Mass layoffs first in America then globally are another thing. He can't be responsible for that. Come to think of it he IS the most powerful man in the world (except militarily when thre's a war). I'm sure he takes that responsibility seriously. And this is NOT a soft landing we're experiencing. Aggravated by the election malaise it's the risk of a meltdown. But Greenspan can stop it without betraying his own beliefs. He must make a strong statement indicating lower interests rates if not cutting. That should give the market a lift. With this hope in mind I don't see much of a sell-off tomorrow (hopefully). Instead I see it being flat and wait and see. I for one am not going to sell a stock which was 20% higher just a week ago. Nothing has changed. The MSFT slowdown was to be expected. Just panic. Greenspan must make sure he stops the panic. No one else can right now.