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To: yard_man who wrote (125735)	9/26/2001 10:47:34 AM
From: Dr. Jeff	Read Replies (2) \| Respond to of 436258

<< Really hoping we get the next leg up soon ... I still think it's coming. I could be wrong ... >> Maybe, but I think so many people are expecting that to happen that it won't materialize. There is still so much unfinished business on the downside it's not even funny. I would also venture that Europe is going to get spanked hard the next 2 days since they've bounced 14 to 17% off the bottom in 3 days and already in very overbought territory. With Oil tanking (demand shock?) and Utilities puking again (AES blowup today), I think the risks remain to the downside in a big way. Perhaps some major derivative unwinds are occurring. I find it interesting that people are once again looking to the Fed to save them even though they've demonstrated 8 times so far this year that they are powerless. I've been wondering why no one is concerned (at least vocally) about their utter impotence. And if not at that, why isn't there concern about the possibility of over-stimulation considering the magnitude and rapidity of the cuts. AG is obviously panicking and apparently intent on creating another bubble. Really challenging & interesting times we're in, yet the complacency level is mind boggling...........