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To: Les H who wrote (65349)2/7/2001 10:50:30 AM
From: AllansAlias  Read Replies (4) | Respond to of 436258
 
Drag the DOWn down! Are you mad? That's a myth. -g

I hear ya, but if tech wrecks and we probe new lows, I don't think they will hesitate. Too many things outside tech depend on it. Of course, it will do even less than the first two. We are seeing the Fed and the treasury pushing all the buttons, particularly the unprecedented printing. Add to that the near blanket guarantees that it will save the speculators. This period of denial must rank up there with the very best to have come before.



To: Les H who wrote (65349)2/7/2001 5:51:32 PM
From: mishedlo  Read Replies (1) | Respond to of 436258
 
The Fed is an obsolete mechanism

Yes it is.
They should replace it with a computer program.

I am serious.

M