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To: Haim R. Branisteanu who wrote (125412)	9/25/2001 9:24:30 AM
From: yard_man	Read Replies (1) \| Respond to of 436258

Haim, Energy is a significant cost input to most products -- I don't disagree with that. It will help some companies on the cost side -- more problematic is the demand side, especially for that wonderful industry that was supposed to be the engine of our new miracle economy: info tech. (I remember some BOZOS saying energy increases didn't matter because they weren't as big a deal in the new economy.) I find the idea that has been tossed around, even alluded to by Mr. Gerstner -- that the tragedy would spur investment that might turn things around for these companies -- to be laughable, if not sick. A return to basics and reasonable expectations for business would be great -- and it may come -- but it is a long ways away. Some folks are still living in the afterglow of the bubble and don't know that it is over. Heck, I'd love to invest again in good businesses that didn't have stock pimps at the top. It'll happen some day. I don't want returns of 20 - 25% a year that are based on printing and fantasy -- I'd much rather have true economic growth. Where everyone really is becoming better off because the economy is getting more productive, not a statistical sleight of hand perpetrated by WS and our Fed.