To: Trading Machine who wrote (9264 ) 3/15/2001 2:46:47 AM From: Berney Respond to of 11051 TM, I know engineers like to make it simple. They simply forget the bridge was built to not have to walk the canyon. But, usually, it is much more complex. I will state again that, before AG raised rates the first time, the only thing that I saw as inflationary was AG raising rates. But, rates don't matter anyway. On the issue of rates, I've come to the conclusion that the fed always follows the market. Lowering rates have not helped this market in a long time. The real issue involves the visability of earnings. SEC reg FD killed the goose. Companies are not going to go public with their views, knowing that there is a hoard of lawyers waiting to slap class action law suits on them if they are wrong. The SEC needs to stop chasing 14 year old kids and address the real issue, the pimps of Wall Street. We also, being American types, forget what an effect it had for no one to win the election. It ground our entire economy to a halt. No one was willing to make a decision until this basic outcome was determined. Bottom line is that the only issue that really matters is whether the fed is expanding the monetary capacity, and it sure looks like it is. Again, I say to you: you made the right decision for the right reasons. The bear cave does not have light switches. As brutal as it is to be on the wrong side of the trade, you (we, us) just cannot get them all right. Frankly, I thought that it was fantastic that the Cubes held up as well as they did. The way I view it, any positive move today is going to break the trend to the upside. With option expiration on Friday and the fed meeting next week, it is going to get interesting. Just a View from the Swamp (before I retire to bed) TB