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To: NOW who wrote (15193)10/1/2001 5:15:19 PM
From: UnBelievable  Read Replies (1) | Respond to of 209892
 
What A Concept - Let Stocks Trade At Their Value

"Should the Fed fail in a moment of market instability to at least provide this measure of resourcefulness, some significant number of creditors would cease to provide the funds necessary to quickly absorb the heavy selling of shares that would otherwise continue with
only the briefest of abatement until the arrival of genuinely attractive earnings valuations."


Alternatively we can take 15 years to let that happen and in the process virtually eliminate new capital formation.

I'm sorry that is so fucked up. We don't need terrorists to destroy our future - we do it rather well ourselves.