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To: pater tenebrarum who wrote (71206)	2/23/2001 5:01:04 PM
From: Andrew G.	Read Replies (3) \| Respond to of 436258

"and now the asset/debt shredder is coming.." Where, Heinz ? Is there a date or deadline ? I'd really like to know how long a chronically ill patient has left to live ? e.g. There's talk about turning 30yr FRM (fixed rate mortgages) into 100yr FRM and also of banks combining mortgages with credit cards so you can use your equity like a debit card. As long as consumers can spread their debt out over longer timeframes to free up existing cashflow, they never have to fully own or buy their homes. Most never stay long enough in one place anyways. We are painting a picture of impending doom, but The Day doesn't come, partly because there is no apparent limit on how much debt consumers and companies can carry as long as they can meet their monthly or quarterly payments. Even our government has no apparent ceiling on debt. The numbers get more outrageous year after year. I know this grates against the primary thesis here and what you say does make sense to me. But I don't see it reflected 'out there'. There's just no justification for any sustainable rally here, rate cut or no rate cut. And yet even you are saying now you expect a multi-week rally. How many days like this will triple-digit tech bubbles rally 10-15% like today into this wondrous rally of 'oversold' territory ?