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To: Joe NYC who wrote (123412)	12/20/2000 11:42:02 AM
From: kash johal	Read Replies (1) \| Respond to of 186894

Joe, Calm down buddy. I'm just having fun at ole Jimmy's expense. With his idiotic rantings about the world coming to an end due to Gore/reno/clinton/chadgate etc. I agree Bush has had no deleterious affect on the market...yet. But if he does............you'll hear from me. regards, Kash

To: Joe NYC who wrote (123412)	12/20/2000 12:26:09 PM
From: kapkan4u	Respond to of 186894

<Why not just look at obvious, rather than come up with far fetched theories whose only purpose is to make a political point? The market experienced a dot.com mania, not unlike the tulip mania in Holland. The prices got way ahead of even the most rose colored perception. The money supply was spiked with excessive liquidity, Y2K related. From this point, everything went backwards. The dot.com crashed, and along with it, excessive spending by these companies (as well as non-dot-coms). On top of that, the Fed reduced liquidity post-Y2k back to normal, the the rate hikes well under way finally trickled in, and if that was not enough, the the oil prices skyrocketed. These forces are enough to shake a fairly valued market. Nasdaq over 5,000 was overvalued, therefore the correction is much more severe.> A very nice summary. Too bad a pompous @$$ it is directed to is incapable of appreciating it. Kap