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To: robnhood who wrote (120241)	9/9/2001 9:55:04 PM
From: Tommaso	Read Replies (2) \| Respond to of 436258

Well, that's not what a lot of people are saying, including Schiller (is it?) of the book, "Irrational Exuberance." He called it "whole-body radiation." And that was before the decline set it. Politicians, talking heads, mutual fund managers, bankers, etc. are all showing up in public and blaming the Fed for the "disaster" of tightening. I think we probably really agree with each other. I think the Fed's move was irresolute and in the longer run ineffectual. But it certainly was enough to (using these awful metaphors) prick the bubble. You do admit that something drastic has already happened to the NASDAQ, don't you? I am a mega-bear (until we get a lot lower than we are now). I don't think the Fed will take rates to zero. Do you? Really?