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To: pater tenebrarum who wrote (71127)	2/23/2001 3:57:36 PM
From: NOW	Read Replies (1) \| Respond to of 436258

i always get confused with talk like that whether you are treferring to short, mid or long term "bootoms". Can we adopt a nomenclature? LB= short MB= mid BB = long I'm waiting for the BIGBOTTOM gal of my dreams...

To: pater tenebrarum who wrote (71127)	2/23/2001 4:02:21 PM
From: Andrew G.	Read Replies (6) \| Respond to of 436258

Heinz. How can there be panic when rampage buying on prediction is so feverish. Some of the other Houses are probably saying, 'Hell, if BS can run this market up on a simple little prediction, maybe we should chime in periodically too !' There is no fear, NONE. in this market. Every decline has been orderly and orchestrated through programmed trading (selling and shorting on the way down, and buying up to resistance on the way up.) Most of the leading techs move precisely with the indexes because they are the most easily manipulated. I've come to the conclusion about a month ago that all the concerns expressed on this thread and others here on SI about debt levels are essentially overblown. Reason being that this economy has thrived for so long on chronic debt overload that there is no apparent point of conclusion about it. Creditors extended terms and refinance loans. Corporations raise more debt, FED prints more money and lowers rates, etc etc. It doesn't matter unless a company is very small. All the big guns will trudge on like tugboats hauling their big debts around as long as they can sustain their cashflows. Cashflows are all that really matter. When times are tough, lay offs are just as effective to the bottom line as increased earnings. In fact from a tax standpoint layoffs are even better. There is no imminent disaster in the waiting. This is just another Wall St game of cat and mouse. If we ever do have a credit crunch, who's going to initiate the cascade and who's going to perpetuate it. No one has yet described how it will happen and what factors will make it happen within a estimated timeframe.