To: Berney who wrote (9260 ) 3/14/2001 5:31:12 PM From: Trading Machine Read Replies (2) | Respond to of 11051 U know - I wuz jus sitin hrr and starin at my bellybutton, and thinking how things might have been if the Fed and Big Al hadn't saved us from a crash last year, with that blow off top and all. I dunno, but AA might have continued on down to 19 or so, CMGI might have really taken off upward to 40 or 45 instead of 3 9/32! Hell, why Cisco might have gone on up to 85 or so instead of 20 1/4. Boy, you just can't tell, why if Big Al hadn't stepped in and taken some dramatic action IBM may never have seen 85! EDS might have gone to 30 instead of 75, and that piece of crap EMC, it may have been all the way up to 120 by now instead of 35. Good ole FNM could have seen the mid 30s instead of $90 a share. Why we could have been trading HWP at 80-90 instead of 35. INTC at 100 instead of 29, thanks Al, this is a very valuable service you and the Fed are performing. Just think, your mutual fund could have been up 30% instead of down 15%. (if you had one gg) I'm telling you we are EXTREEEEEEMLY fortunate to have these guys at the wheel turning it for all its worth! We must have been over valued, because now I don't feel overvalued and now the average investor has 30% less, so therefore I conclude we must have been overvalued. YHOO = $15 and change instead of $300! Yep, thats a good move, except for the folks I know that really believed in the "New Economy!" Now the "new economy" is a dirty word (phrase)! No one that I know has any confidence in the "new economy" or its embodiments! How much of a whack the Internet will take is yet to be determined, suffice it to say that this will have a dramatic impact. Now if I am correct in some of my suppositions and readings, the old economy stocks will now come down. The DOW appears to be destined for 8700. Its not clear to me that Big Al intended for this to happen, in fact one of the SI folks commented to the effect "the murderer cannot resuscitate his victim!" The inference here is that it is not easy to return life to the dead. Big Al has certainly been huffing and puffing, but who has any confidence that another rate cut will have ANY effect? DUBAH is doing a lot of stumping for his tax cut, I wonder how long it will be until they cover their mouths discretely and say "ooops, do we have a surplus for a tax cut?" In fact if the bureaucrats procrastinate long enough Big Al may have "fixed" their tax cut. DUBAH has "great faith in our economy!" Obviously he doesn't have any money in the market. Then there's the job cuts, the situation in Japan, and so on..... Now its your turn to play baby bull and papa bull, tell us the positive side! Pleeeeze! Tell us how many cows you are gonna walk down to and "service". ggg Maybe the moderator of this thread (MG) will stop the personal attack on Big Al, I can hardly wait! g g g g Thanks Big Al, for saving us from the new economy! Now lets see if you can save the old economy! Just one mans (and one bottle of wine) opinion! CU Paul Kellam