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To: Captain Jack who wrote (90428)	3/21/2001 6:34:10 PM
From: Elwood P. Dowd	Read Replies (1) \| Respond to of 97611

Capt. Didn't say that the stocks I named would reach old levels anytime soon but they will eventually. You and I are at loggerheads on the AG thing. I agree that he didn't act fast enough but that was then and this is now. Fact is that lower interest rates are market positive . 1.5 points in less than 90 days may be unprecedented. I stand by my comments and have book marked your post, too. Check out the word "bellwether" and/or "wether" in the dictionary. El

To: Captain Jack who wrote (90428)	3/22/2001 10:18:04 AM
From: Windseye	Read Replies (3) \| Respond to of 97611

Jack and El, I think this AG thing is surprisingly simple. AG made a mistake... he UNDER ESTIMATED market forces at work last Spring and decided to take the law into his own hands and he obviously and clearly over reacted with all his rate cuts. So I agree his EGO was in the way and instead of noticing that the markets were peaking and setting themselves up for their own bubble burst he interfered a too dramatically. Interesting that an ex-Ayn Randian would behave so precipitously and with such full EGO. And now the lowering of rates is being seen as being sufficient, good, and just. Well, I also think he goofed badly and I suspect that part of the reason that the Naz and DJI are so low is that people are sensing that AG is out of control and REALLY doesn't have a handle on how much to intervene and when. DJ