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To: Jim McMannis who wrote (55938)	9/20/2001 4:34:59 PM
From: Petz	Read Replies (1) \| Respond to of 275872

Jim, Once the bombing started it became evident it as a mismatch the market rallied... My recollection is that the market rallied powerfully even before we knew if Desert Storm would be militarily successful. I agree, the same could happen again. As for terrorism, why doesn't the US vastly accelerate the plans to land planes via GPS? If the FAA can control and land planes from the ground, it would pretty much end hijacking. Of course, every FAA location would need a small army to protect it... Petz

To: Jim McMannis who wrote (55938)	9/20/2001 4:37:06 PM
From: niceguy767	Read Replies (2) \| Respond to of 275872

Jim: Since January when the fed began reducing the rate, the pundits have been calling for a 3 to 6 month horizon for a bottom...Sounds like most pundits, 8 months later, are still calling for a 3 to 6 month horizon for the bottom... Personally, I can't see it taking another 3 to 6 months assuming a reasonably orderly terrorist roundup...It seems to me that current indices are already discounting a fairly bleak scenario going forward...Abbey and her gang were projecting 14,000 for the DOW just prior to Sept. 11/01 and we've tumbled fast and furiously since then...a wild overreaction, perhaps...