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To: Crystal ball who wrote (7647)	4/3/2001 12:18:37 PM
From: engineer	Read Replies (3) \| Respond to of 17683

At what point do we just understand that earnings are crap and that they won't change? Why is every day a new "oh, my gosh look at this, the earnings are down, what a surprise". And then the market goes down 200 points. Why not just understand that the market is already priced in the bad earnings, and understand that we KNOW earnings are going to be reported bad, and just go on with it. Why is every day another new justification to dump eveyrthing we possibly own? As for Green span, he has done more to destroy the american way of life than he knows. There are MANY MANY people who have 401k which cannot take their money to a safe haven, they have to invest into the mutal funds that they were allocated to and they can do nothing but sit and watch as their retirement goes away day by day. But then Greenspan wanted to kill off this wealth effect in this country. He did a pretty damm good job of it. At what time is the congress going to actually wake up and figure out that they are Greenspans boss and quit feeling inadequate every time he gets in front of them and make them all feel like they are ignorant in economy and just FIRE HIM. The investment comminuty wanted to p8sh everyone to cut costs in business, down tot he point where nobody has any loyalty or respect for each other. Bosses don;t feel the need to help employees, employees feel no need to treat the job as any kind of long term commitment. So we just try to deal with layoffs, downsizing, no benefits, cut this cut that all in the name of saving money. Meanwhile the overall picture for both sides is that it is a loosing proposition. 1930's here we come again. Can't wait for the WPA.