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To: Robert Douglas who wrote (123335)	12/19/2000 3:56:07 PM
From: Gary Ng	Read Replies (1) \| Respond to of 186894

Robert, Re: Greenspan will need to be very cautious because he can't be seen as bailing out a floundering stock market, especially the NASDAQ which is still two and a half times its level of 5 years ago What is wrong with that ? Does it mean any business must grow in a rate no more than say 15% ? gary

To: Robert Douglas who wrote (123335)	12/19/2000 4:07:43 PM
From: Road Walker	Read Replies (1) \| Respond to of 186894

Robert, re" Greenspan will need to be very cautious because he can't be seen as bailing out a floundering stock market, especially the NASDAQ which is still two and a half times its level of 5 years ago. I personally think that the irrationality has been taken out of the market. I know that's open to disagreement, and I may be wrong. But I don't think, at least for the forseeable future, that we could see the valuations that we saw last March. And I'm not sure that the Nasdaq shouldn't be 2 1/2 time higher than it was 5 years ago, when you think of the technology that has been implemented, and the subsequent profits that have been and continue to be generated. John