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To: Oeconomicus who wrote (166639)8/29/2001 4:43:55 PM
From: Sig  Read Replies (3) | Respond to of 176387
 
<<<Don't be ridiculous. The Dow was under 10k for a month earlier this year and still just barely hit the 20% loss mark (from the all-time high).>>
Well, sheeesh, I was just trying to get the Fed to speed up whatever actions they can take to hold a bottom here. Banks could, for example, loosen up their loans requirements a bit, give stores a bit more to buy holiday goods ahead of time Improve the producers sales sheets. Lotta litlle stuff to do
I dont think they liked the 9K Dow stuff, which could make 10% of all Dow stock equity value vanish. IMO we will not venture there again. Sig