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To: MulhollandDrive who wrote (10896)	2/27/2001 1:05:34 PM
From: Neocon	Respond to of 13572

I see. That makes a lot of sense, betty. I will chew it over...

To: MulhollandDrive who wrote (10896)	2/27/2001 2:29:27 PM
From: LLCF	Read Replies (1) \| Respond to of 13572

<Consider the wealth destruction of the baby boomers as a result of the Fed targeting the stock market.> I agree, although I would argue that it was the previous easy money policy that sucked the public into the market. It was horrendous just the same however. <Bank of Japan has had a zero interest rate policy for years, yet Japanese consumers do not buy. They're still recovering from the crash of the Nikkei. > Exactly... people who are hoping rate cuts save their stocks are mistaken. They had better make sure they are good, growing companies going forward. DAK