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To: Amy J who wrote (123857)	12/30/2000 9:43:54 AM
From: Proud_Infidel	Respond to of 186894

Sort of OT but in keeping with the spirit of the season and the promise of the New Millenium. Subject 50522 Not to mention spreading the good word about the people of SI:-) Kind Regards, Brian

To: Amy J who wrote (123857)	12/30/2000 9:51:05 AM
From: michael97123	Read Replies (1) \| Respond to of 186894

I cringe when I look at what was wiped out. It has all gone to money heaven. Start the new year fresh. Dont look back. What happened last year was not preordained, regardless of what the bears tell you. We had a combination of bubble and an overreaction to it by the Fed. A balloon can be popped with a pin or deflate thru leakage over time. Greenspan could have sped up the leakage a bit without popping the bubble but he missed. And he will miss on the upside too as lower rates create a new snowball. This is why economics is an art not a science. So all the gurus who now say the best nasdaq can do next year is up 10% will again be fooled when nasdaq gets to 4000 this year. Just look at the ranges over the last two years between highs and lows. Even if you use these as guides to lighten up you will do well.

To: Amy J who wrote (123857)	12/30/2000 1:10:39 PM
From: Hightechhooper	Read Replies (1) \| Respond to of 186894

Amy J, thanks for your concern. Yes, this was a very difficult week for me and I still have new margin requirements due on Tuesday. A belated thanks for the selling covered leaps, but by the time I saw the message the 45's were only selling for $3. I can't believe the accelerated sell off this past week. As you know I am just trying to hold on until the FED rally and then I can sell some covered calls to help my cash position. Next week could be messy again if NAPM and employment report are bad and FED just sits there and does nothing but watch the bleeding. I saw JP Morgan CEO interviewed on CNBC yesterday and he now thinks 100 basis points by mid 2001. That is a big drop and with a FED that only goes 25 BP's at a time they better get their butt in gear. It has been a long time since the bond market and the fed have been so far apart in their beliefs. I don't know what the hell the fed is trying to do but given the current state of the PC industry, only they can prevent me from losing my entire life savings. anyway, have a good new year and thanks again, HT