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To: kapkan4u who wrote (128920)	3/3/2001 1:22:09 AM
From: Scumbria	Read Replies (1) \| Respond to of 186894

Kap, The stock market does not equal the economy. It is not the Feds job to induce crashes. Scumbria

To: kapkan4u who wrote (128920)	3/3/2001 1:29:41 AM
From: Jim McMannis	Read Replies (1) \| Respond to of 186894

RE:"At the top, NASDAQ was trading at PE of 150. The bubble had to pop one way or another. The damage from the pop will have to be absorbed over several years of bear markets. Stupid investors will not live to see the end of this bear." Agreed, but what baffled me is why the NASDAQ kept going up despite AGs rate hikes which started in the summer of 1999. It had to be the y2k effect...I even hear AG was pumping money into the economy as a buffer. That would have been his big mistake, not the hikes... Jim