To: TobagoJack who wrote (3680 ) 5/17/2001 2:37:19 AM From: pezz Read Replies (2) | Respond to of 74559 Jay, I hope that you understand that I can respect the opinion of the Bears while disagreeing with it.I have a personal history on the coffee shop threads of ahh.....shall we say .....give and take... And while I am making a transition to a more debating style here there is sometimes a needle in my hand.....Todays action gives me the upper hand but I know that can change. All in good fun I hope. Japan… I didn't pay too much attention to Japan at the time so I may be wrong about this but didn't they wait quite a bit before cutting rates? That is weren't they behind the curve as opposed to AG who in his infinite wisdom is ahead of said curve? Also didn't they have some very severe banking problems that they refused to address even to this day? There were and are very major economic differences , no? < <<perceived idea that stock appreciation ... to retirement heaven ... DOW and S&P without concern for dividend yield..>> Time to turn the page, and get ahead in the required readings. > Now I don't care if the perception is correct or not. It's the fact that the perception exists that matters to markets . < So many FED cuts, and long bond yield stays up, stocks meander. > A.Many things can influence the long bond. Including that the prospect of Government buy backs has diminished as the Prez's tax cut becomes a reality. The yield curve has become more typical of an economy coming out of recession. B.I don't call the stock markets performance as of late "meandering" it is typical of a bear mkt bottom I acknowledge that much of the FED's new money will go elsewhere but history shows that some of it goes into the STOCK mkt. << No, Pezz, at the moment on this thread, the enjoyment is total, glee absolute,>> Okey Dokey…….That is the best of all possible worlds then cause I is feelin pretty good myself.