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To: RetiredNow who wrote (55307)	9/17/2001 12:02:16 PM
From: marginnayan	Respond to of 77400

I bet we make up that 500 points by the end of the week I am with you on this one.

To: RetiredNow who wrote (55307)	9/17/2001 12:03:54 PM
From: Stock Farmer	Read Replies (1) \| Respond to of 77400

mindmeld - please don't confuse "capitulation" with "manipulation". What we are seeing here is a vastly co-ordinated effort by all agencies to avoid a very nasty unravelling. This time the banks are overtly involved. Fed printing money like crazy, brokers calling clients to tell them to stand firm. Patriots being urged to buy (nobody being urged to sell to them... I wonder how that works). My long term bets are still with gravity. Although the short term ride will be wild indeed. John.

To: RetiredNow who wrote (55307)	9/17/2001 12:05:09 PM
From: larry	Read Replies (2) \| Respond to of 77400

Come back to tell us that this IS the bottom in 3 months.:) Not by a mile. The Fed, the SEC, and the companies have tried everything to avoid a temporary crash in the market. An artificial rally is likely, but it will be another bubble. Nothing has changed the fact that the economy is very very weak and we are in the first phase of a severe recession. And actually, it's getting worse. The good part is that the government, all experts and pundits now have a nice excuse for the inevitable. Both ORCL and SUNW announced huge share buy back plans when issues were trading at around 20. That did not help in the long run. The only way that an artificial market rally can be sustained is that the SEC changes rules that totally prohibit shorting, allowing companies to buy shares at whatever time, and partially inhibit foreign and institutional investors from selling in the next 12 months. Well, that will be communism, instead of capitalism.:) larry

To: RetiredNow who wrote (55307)	9/17/2001 12:29:43 PM
From: Eric	Respond to of 77400

MM We should be close to the bottom. But we had better not have another terrorist attack of any large size. The economy will slow further and I'm not worried about what the economy will do to the markets since we are already in recession. The x factor is the further fear that another terrorist attack would do to the markets. That would magnify the decline. Either way, an incredible buying opportunity for the long run.

To: RetiredNow who wrote (55307)	9/17/2001 12:36:59 PM
From: marginnayan	Read Replies (1) \| Respond to of 77400

Fresh from briefing.com: ET Swiss National Banc Cuts 50 BP : The Swiss National Bank cuts interest rates 50 basis points, making it the fourth central bank to lower rates this morning. 11:41 ET Oil Stocks Reverse : Oil services stocks losing strength amid reports that OPEC is indicating it will increase production to meet shortages and/or to keep prices within target band; concerns over a global economic recession also weighing on group. The S&P Oil Services Index (OSX) is now trading 2.9% to the downside, or almost 6% off its highs of the morning. 11:32 ET ECB Cuts : European Central Bank (ECB) lowers refinancing rate by 50 basis points to 3.75%. --------- Is this manipulation or fair intervention by the central bankers (and oil producers) of the world ?

To: RetiredNow who wrote (55307)	9/17/2001 12:49:49 PM
From: kvkkc1	Read Replies (2) \| Respond to of 77400

Based on what? Drowning consumer confidence? Mass confusion in our government and major financial center? Recessionary growth rates? or the massive government spending being discussed? I believe when these folks being snookered into buying today by the "Wall Street Patriots" start seeing their investments going down it could make things worse. We've got a ways to go before the economy turns imo. Not necessarily lower markets, although that's a distinct possibility, but what makes you think the economy is going to turn? The CNBC bull about rate cuts stimulating the economy 13 of 14 times has put egg all over their face. Eventually the economy will turn around, but it could be years and the bulls could start sounding like Fleckenstein or Biggs did for the last few years. I hope I'm wrong, but this downturn has taught me hope isn't worth a damn in the market.knc