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To: JHP who wrote (66411)2/9/2001 3:13:46 PM
From: Earlie  Respond to of 436258
 
JHP:

You are not missing anything. Note that in December, I said that Greenspan couldn't act until he got the other CBs on side. It took some time and the Germans are still recalcitrant, but as I expected, they are coming around.

By the way, I'm more or less on the sidelines (except for "core positions"). I expect a good bounce here shortly. Many of my favourite put targets fell very little today, even as the market indexes shriveled.

Best, Earlie