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Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?

To: JDN who wrote (134107)	3/29/2001 3:41:04 PM
From: Kevin Rose	Read Replies (1) \| Respond to of 769667

Well, I agree with a lot of this, except he hit squad part. The FF rate needs to be at least 4%; I'd like to see 3.5%. Psychological market damage has long term effects; we're getting dangerously close to that, now, and the drag it will have on the economy will last for years... A surprise 50 basis points now will at least show America that SOMEONE has their eye on the ball...

To: JDN who wrote (134107)	3/29/2001 4:45:20 PM
From: Les H	Read Replies (1) \| Respond to of 769667

Interest rate cuts and tax cuts don't fix a problem created by malinvestment. We saw this same thing a number of years ago, about 5 or 6, when people were plowing money into the emerging country funds. We saw the big buildup in factories and real estate over there, followed by the bust in Latin America first, then in Asia last. The bad government projects and bad businesses need to be liquidated over time so that the economy is rational again. If things were rational, interest rates would've been 15% in Silicon Valley and other telecom alleys in the boom period and 4% elsewhere in the country. Unfortunately, we have one central bank for "one economy" where there are several regional economies.

To: JDN who wrote (134107)	3/29/2001 4:55:19 PM
From: amadeus	Read Replies (1) \| Respond to of 769667

someone needs to do something. lots of companies about to disappear it seems. seems to be a death spiral with no escape for lots of them. not entirely their fault either. capital and financing are all but disappearing, compared to a huge oversupply last year. lots of business plans were set in motion with expectation of funds being available down the road.. too bad a lot of worthy experiments will never get a chance.

To: JDN who wrote (134107)	3/29/2001 6:15:34 PM
From: Srexley	Read Replies (2) \| Respond to of 769667

You sound pissed that you lost a lot of money. It ain't that bad out there. What were you saying when the NAS was up 80% in one year. The stock market is like a bunch of sheep following each other around. It ain't A.G.'s fault that people BLINDLY way OVERBOUGHT the market. We are paying for that GREED right now. Life will go on. If you have any money left buy good companies NOW and you will be fine. I am a bit suspicious of all the people who claim to be smarter than AG. He is not an idiot I can assure you.

To: JDN who wrote (134107)	3/29/2001 7:30:29 PM
From: greenspirit	Read Replies (1) \| Respond to of 769667

I hear you JDN, and I can really empathize. Here's my take on this stock market mess. Since 85% of my investments go into DRIP and mutual funds, I just don't look to often and hang in there for the long term outlook. My trading stocks are a different story, so I don't want to go there! Suffice to say, I didn't go short anywhere near often enough. :( However, the American economy is still sound overall long term, and with Bush leading the charge to reduce marginal tax rates. It should continue being strong in the future. What we've witnessed is exactly what many long term investment pundits have been saying for quite some time. PE ratio's just got way out of hand. Especially, for internet technology companies. I took a look at Yahoo the other day in order to see if it was a good entry point. And the PE is still 90. We did have a lot of over-exuberance, just as Greenspan had been warning, and now we're paying the price. I'm not one of those who believes Greenspan is the culprit of all this, nor do I believe he has the power to fix things with a few quick large interest rate reductions. His main concern should always be inflation. And he continues to tweak on the economy slowly in order to balance all the factors which provide growth with low inflation. Maybe he's seeing something we aren't seeing on the horizon. I really don't know. GDP did grow 1% in the last quarter of 2000. And unemployment still remains very low by historical standards. We keep hearing about layoff's, but from my vantage point, the job market appears pretty strong. If we can lower marginal tax rates across the board, which will encourage more entrepreneurial investments and activities, this slowdown may end quicker than many pundits expect. Two years from now, quality stocks should make a decent rebound. So I'm keeping my eye out for some good Leap options to buy. Best of luck, Michael