To: D.B. Cooper who wrote (32119 ) 3/1/2001 8:01:14 AM From: Sig Read Replies (1) | Respond to of 65232 Re Mr Greenspan: Well, DH, I would like to add this about Mr Greenspans position. Most people beyond the crazy age, when life teaches one that their financially disadvantaged surfing buddies living in rented apartments are not going to take care of them in their old age, get a job requiring daily concentration and hard work and like to think that it will lead to something with a future. In this country we have a system called social security and a hopefully stable government that promises to take care of us and make our lifes efforts worthwhile and with this financial/social responsibiliy there seems little need to revolt or displace a dictator as happens too often elsewhere. Major banks are a huge part of this system and provide the flow of money needed to keep things running smoothly, with the huge responsibility to keep all banks safe and liquid by guaranteeing deposits etc. Into this world comes technology in huge waves of Microsofts, Cscos, Intels, computers and all the dot coms. Microsoft, with a market cap twice the National defence budget. Foolishly absorbing perhaps 2/3ds of investment dollars by promises of a golden age and riches for all investors without the need to count on Uncle Sam. With the NAS at 5000 and 70% margin available, this mental financial castle threatened the stability of the (old guard) system and put a great risk the excessive investments of 2nd and 3d tier banks and brokers. Today we have found the bubble was real, that there is no way that all those tech companies would ever earn enough to make back their outrageous market caps. They could do it thru inflation, but the outcome would not be nice to contemplate because people may have more virtual cash, but the cost of goods and services including medical needs would absorb more than the income gained. WE need to have somebody, a live person, who appears to be in charge of this runaway system , at the controls, setting a direction, reassuring citizens and other countries-Europe, Japan, Taiwan. Thats Mr Greenspan and he is the best we have at this hour. So he dashed my hopes for a quick buck in tech investments, but that was merely a dream. Pick the ( perhaps few) (G), winners there, and we can still achieve wonders. Sig