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To: H James Morris who wrote (114236)	1/4/2001 1:59:10 PM
From: GST	Read Replies (2) \| Respond to of 164684

Before the rate cut the Fed was pumping tens of billions into the money supply -- I saw one estimate of over 35 billion the last month. I personally thought this was their move and they would liquify the markets to allow an orderly decline without a fast, sharp rate cut. These moves are more reminicent of situations in which there is somebody in serious trouble -- I can't see who, unless the banks started to face default pressure from large debts going bad -- telecom gets mentioned most often. I just don't know. I expect that if telecom is going sour, the best plays in the stock market will not be the JNPR's of the world. If there is another downleg -- and I think it could be soon, then it would most likely be from the surfacing of any of these problems -- and I know they are already surfaced to some degree -- the question remains, are the problems bigger than suspected.

To: H James Morris who wrote (114236)	1/4/2001 2:03:14 PM
From: Olu Emuleomo	Read Replies (3) \| Respond to of 164684

Who can recommend a good "Energy" focused mutual fund? You know, Oil, Gas, Drilling etc... --Olu E.

To: H James Morris who wrote (114236)	1/4/2001 2:06:36 PM
From: Danny	Read Replies (3) \| Respond to of 164684

"This time its because of what's going on within America." Although in both 1998 and 2000, people worried about the recession in coming years. I dont think people dumped stocks like crazy in 1998 just because of Asia crisis. They dumped stocks because they saw the real impact on the US economy as well. From this perspective, I think 1998 and 2000 is very similar. Nothing has fundamentally changed in US economy. With Fed's aggressive move in place, I just can't see how stocks could drop to new low again. As to how high the market could go, I dont know. It will depend on how fast economy grows.