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To: William Hunt who wrote (26840)	3/20/2001 12:15:17 PM
From: Sonny McWilliams	Respond to of 27012

Bill. The markets are laboring again this morning. Yes. I am sure we all know why the markets were up yesterday and I'd rather see that than nothing at all. Maybe, if the market does not like the FED action, at least it will go down from a higher level and will not breach the lower level established in the NAS last week. One can wish. gg. Either way it goes, I find it too late to sell my techs. Not to say they can't go lower. Some probably will. I will look at them in 2002 and find out if this strategy was sound. Hm, hm. There are lots of downgrades again today. I hope I can follow through with my thinking. Hopefully we will not see a NAS like the Nikkei, a 16 year slide. I hope the FED will give us 75 basis points today but this, of course, is now probably wishful thinking. Maybe they will go a full point. gg. Well, at least I can still smile a bit. Did you hear the report that there could be a 3 dollar price for gasoline in one of the States? I missed which State was mentioned. I am sure it will be said again. Sonny

To: William Hunt who wrote (26840)	3/20/2001 4:43:31 PM
From: Sonny McWilliams	Read Replies (1) \| Respond to of 27012

Bill and thread. Well, we didn't get the 75 basis point cut and the DOW ended at a new 2 year low. Basically I have no idea why the FED did not go 75. Their forward looking statements did not sound that great. As long as they have this outlook they should have cut more aggressively. This makes me put on this excerpt from last night's O'Reilly factor. One more time. Pretty darn interesting. Did A. Greenspan knowingly sabotage the markets by not lowering rates already last year after attacking the markets with high interest rates? Exactly who is Greenspan supposed to look after? Where is the economy heading if the individual investor is losing all of his money? That would def. cause a recession, or worse. What a slow poke FED. Behind the ball this time instead of getting ahead of the problem. The rear view mirror approach is not the right thing to do at this time imo. We know that the FED is not there to save investors from themselves but then they should not knowingly sabotage the markets, like those 2 guys said last night. Former Fed Gramley (sp) was on just now and mentioned there could be an interim cut if things get a lot worse. But why didn't they give the economy a boost? A cut can always be taken back if necessary. The FED never had problems in that department. Blood in the streets. Let's hope some are not losing all of their blood. Sonny foxnews.com