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To: Boplicity who wrote (7695)12/19/2000 1:45:44 AM
From: Sig  Read Replies (1) | Respond to of 13572
 
RE Greenspan:
I think some of those big company earnings warnings
like Gm and Dcx and msft and intc and etc have seeped into the souls of small bankers everywhere. They must have voiced
their many concerns to the Federal banks about the status of company bond issues which may now be questionable.
I hope they remember the defaults of the savings and loans! not so long ago.
If the Feds and Greenspan don't cut rates we are in dire peril. The head broker called me tonight and talked for an hour. He informed me he was also calling many other clients.
I will assume there has been some bitching, by others,
mostly retired, who have big losses this year.
Not a pretty picture.
What will the Fed give us for Christmas, a bunch of pretty boxes containing margin calls, or the possibility of
of a stabilized market.?
Sig



To: Boplicity who wrote (7695)12/19/2000 8:57:35 AM
From: Sig  Read Replies (2) | Respond to of 13572
 
Its a beautiful morning here near Ft Wuth , clear skies and 40 instead of a predicted 20's.
I no longer care whether Greenspan raises or lowers, I
will be out of this insanity in a few hours.
Even if Greenie lowers rates I'll just raise the stops.
No more worrying if some ^&^^% analyst downgrades all the chips or all the computers or whether Dcx avoids bankrupcy. No more watching 5k, 20k,90k vanish in one day.
I'm 76, if worst comes to worst, I can just pick a few of those credit applications out of the trash( those saying pre-approved of up to 100,000)and go back to the VA for medical problems- they keep sending me letters to make sure I am OK and actually it would help them out since they
get government $'s for each qualified client.
Then I can sit and enjoy watching as arrogant big muckluks try to run the banks and economy without the benefit of investors dollars. It should be quite a show.
But of course, if Qcom splits, Ill have a few buck on it(G)
Best of luck
Sig ( Goooooooooooooooooo Greenie)