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Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?

To: IQBAL LATIF who wrote (37404)	3/22/2001 7:45:20 AM
From: JDinBaltimore	Read Replies (1) \| Respond to of 50167

Fitch places 19 Japanese banks on warning list, Yen sinks, dollar flat, euro gains. See how after the spin wears off the markets normalize to their true direction.

To: IQBAL LATIF who wrote (37404)	3/22/2001 8:22:10 AM
From: Cabo Eddy	Read Replies (2) \| Respond to of 50167

Ike, what if the stock market is the economy, or at least a big part? You keep talking about how the economy is fine and thus the stock market will be fine. The market sure was a big part of the economy on the way up (easy IPO money, new industry, etc.), why won't it be a severe drag on the way down? I think this huge destruction of wealth will cause the economy to roll over. There will be a lag until you see the full impact. Don't be fooled!