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To: Frank Ellis Morris who wrote (50208)	3/20/2001 6:35:08 PM
From: Chris Carlson	Read Replies (1) \| Respond to of 77398

C'mon Frank! The problem isn't that the Fed only cut 50BP, but that the street was expecting 75! The Fed has only cut 75BP once! He's cut 150BP in 2.5 mos. He's not responsible for our investment decisions and he warned a long time ago against irrational exuberance. To call the recent market slide a crime against humanity is to trivialize true crimes against humanity. I'm sorry if your wealth has been decreased, so has mine. But I blame myself for not selling when I knew the market was overpriced. At the time I was thinking, 'well, it's come so far, what's another 20-30%?' America is going to be fine. This inventory adjustment simply seems worse because of the stock market (which is going through an inventory adjustment of its own). It's true that we might not see the levels of growth that we saw the last half of the ninties again (I mean in the stock market, the economy will probably grow as fast). I for one am going to chalk this up as the cost of an education and I suggest you do as well. Chris

To: Frank Ellis Morris who wrote (50208)	3/20/2001 6:50:59 PM
From: chojiro	Respond to of 77398

deleted.

To: Frank Ellis Morris who wrote (50208)	3/20/2001 6:57:45 PM
From: Sonny McWilliams	Read Replies (2) \| Respond to of 77398

Frank. I was one of those defenders of Greenspan but wrote that I did not favor his rate increases and that he was def. wrong with the last sev. rate hikes last year. And then, of course, the FED was way too late to cut rates now. Rate cuts should have come already last year. And I was hoping for 75 bp today. I always said about the economy: Don't fix it if it ain't broke. But they tried to fix it when it was not broke. Well...... I guess they fixed us. You may feel vindicated by this: foxnews.com You can download the rest of the story if you feel like it. Pretty interesting. Here is an article on possible further rate cuts. Again. Why not more right away? dailynews.yahoo.com Another story on the market drop. dailynews.yahoo.com Sonny