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To: Sonny McWilliams who wrote (50232)3/21/2001 5:09:17 AM
From: TobagoJack  Read Replies (1) | Respond to of 77399
 
The Japanese manipulated their market up and will try to keep it up until March 31st fiscal year closing when they have to mark-to-market (for insurance companies and such). They do this every year, without fail.

By the looks of the Hong Kong market, the Japanese moves are too transparently manipulation.

Message 15538104

Chugs, Jay



To: Sonny McWilliams who wrote (50232)3/21/2001 7:57:33 PM
From: Frank Ellis Morris  Read Replies (2) | Respond to of 77399
 
"The FED had no problem letting us know that they were targeting the wealth effect when they raised the rates. So why not target the negative wealth effect?"

Hi Sonny, Today the Dow and the nasdaq fell some more so nothing new just the same normal negative sentiment. Yes I do think that the Federal Market Committee must send a clear message to all that it really intends to stimulate the economy. To achieve this it is imperative that they cut the short term interest rates another 50 or 100 basis points in the the next couple of months. I don't think that we will see the boom in techs as we did before but they are here to stay and are now are a part of our overall economy. To my knowledge I do not recall another time in my thirty years of market observance where there were so many months of gloom and doom. It just seems to never end. If the Fed stops screwing around and cut those rates a couple of more times, it would seem to me that the bottom of this will be put to an end. We will one day be looking back at this crap and remembering the carnage of 2000 and 2001. Better days are coming and that is what I keep telling myself.

BTW you are going to live a very long time. You are one who enjoys traveling, grandchildren and also you do not take for granted the very important things that really matter.

Take Care
Frank