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To: fedhead who wrote (114934)	1/10/2001 7:06:04 PM
From: craig crawford	Read Replies (2) \| Respond to of 164684

I appreciate the congratulations and all, but I don't deserve any yet. We're only at 2524 and we still haven't broken that downtrend. Comin' up on resistance in less than a hundred points. I will only consider my bullish market call accurate if we can break the downtrend in the Naz and hit those levels you cited such as 2800. Of course we could do it if Greenspan would do the right thing and cut rates this week after the jobless claims, PPI and retail sales. But Greenspan likes to cut rates when the market is sinking towards new lows. I'm not sure he is bright enough to cut rates now that the market is closing in on that downtrend line. If he doesn't cut rates this week he will definitely do 50 at the end of Jan, not 25. I would prefer for him to let some shorts pound on the market tomorrow and then hit them when they are leaning hard the wrong way. That would put a definite bottom in this market and sentiment would improve greatly. And no, it would not reignite any bubble. The bubble is history. Greenspan can cut rates and increase money supply quite aggressively now without worrying about a bubble. Of course, he might cause some inflation down the road, but I would probably be short by the time that became an issue. $>)