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To: SliderOnTheBlack who wrote (86577)	2/7/2001 3:58:30 PM
From: cnyndwllr	Read Replies (1) \| Respond to of 95453

SliderOnTheBlack RE: <<Too much money & the Fed will print & buy our way out of this downturn...>> You may be right but be careful. The surprise .5% rate cut occurred the day the funds got a big redemption hit and were faced with the prospect of selling in a dropping mrkt and creating the risk of a panic. "Too much money" can change very quickly. Note also that the "safe" stocks have been outperforming the nas for awhile. I think there is a lot of smart money moving over for what may be a stairstep down on the nas with the possibility of a quick drop with more bad econ news, warnings for next qtr, summer haitus etc. It could be even worse if Sharon pulls one of his wild moves or Bush Jr. decides to prove something in Iraq. With regard to printing our way out of this downturn, remember that if that doesn't work, there is nothing left and the tech market will implode. For the risks on that, read some of your old posts and the places where you got that info. (g) If you're willing to ride this one out for a while, I agree that tech is not dead, just losing weight over the hibernation season. In my opinion, it may make sense to play these large moves for a trade, but I'm not sure it's time to take those stocks home with you to meet mom. Ed PS Going to be gone for the next few days so Slider and all the perma-bulls will have to do without all my cautionary words.