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To: Justa Werkenstiff who wrote (122212)	9/15/2001 9:32:36 PM
From: LLCF	Respond to of 436258

Yes, as I said a short covering rally or whatever, we may have a viscious rally, but Greenspud isn't needed to create that, no one is going to borrow in this market, his role is cheerleading at this point. DAK

To: Justa Werkenstiff who wrote (122212)	9/15/2001 10:48:59 PM
From: yard_man	Respond to of 436258

if this market could have been turned around in a lasting fashion on optimisim, it already would have turned. On a more practical note -- the tragedy froze everyone with the positions they had as of the close Monday -- if you're short, you're short -- if you're flat, you're flat -- if you're long, you're long. Unless you are long and want out -- the best thing to do is stay away, IMO. I'm short -- have no desire to profit from a tragedy as I didn't initiate the shorts with any such knowledge -- if I do profit from holding shorts longer -- it won't be because of this tragedy, it will be because of the terrible fundamentals underpinning the specific issues that I shorted -- namely homebuilding and financials. People who claim otherwise have little to no capacity for logic or reason. In fact, they may be trying to do what they erroneaously claim the shorts are -- hoping the byproduct of a tragedy will be to bail them out of losing positions. My short positions were taken ahead of the tragedy (and were in agreggate ahead, too) and for good reason. The future I anticipated (and still anticipate) is not bright for these firms or the price of their stocks. There is nothing unpatriotic about this. My only fear going into Monday is some kind of forced buy-in -- absent that, I will not be adding to the buying pressure. I will just be watching the show. I believe the a second round of liquidity injections will commence within 2 - 3 weeks ... other currencies or euro bonds and gold may turn out to be a decent hedge against the printing.