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To: Zeev Hed who wrote (19750)	3/21/2001 7:37:26 AM
From: limtex	Respond to of 60323

Zeev- All the way to October? Well we ought to start thinking about wherre that could take us. I mean without anything much of a rally in between and going down at say 5% a week or even 5% per month what could that do? Say 6 monts at 5% per month drop, = 30% roughly x 1800 =540pts = around 1,300 for a bottom. Goodness knows what that would do to the Dow. Also there would be consequences to such a drop. Could the market drop that much without a serious failure in the financial world somehwere? What would unemployment be with that much of a drop and retail sales what would they do? Depends on job security and confidence of course but those numbers must be starting to be affected now and badly. Still this is what my guess Mr G wanted. IMHO he just didn't like all this day trading and the rise in the markets which as we all now know was a bubble. Well it wasn't a bubble at the time it was the market price and many serious advisors and institutions were quite content so my view is that the word bubble is for the Monday morning quarterbacks, it defines them. For the rest of us, the vast majority, we assumed that Mr G would protect the economy. Now we can see clearly that was the assumption that was wrong. Why because the yesterday the chicken manufacturer warned! The chicken manufacturer is not a dotcom he prepares and sells chickens for us to eat. Why on earth has he warned? How come his revenues are not sufficient for him to make a good profit? Sorry Zeev but my view is that Mr G is responsible for this mess not innocent investors. He is so knowledegeable that if he believed that there was going to be a buble he could have upped margin reuiqrements or in several other ways taken the pressure down without destrying the US and World economy. GW is going to become known as Bad-luck Bush. Really nice guy and he clearly wants to do good as did his dad but Bad-luck follows them around in the economy. Sure its no way his fault but the economy is going into recession on his watch. Perhaps he should get tough with Mr G. Best regards, L