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To: Larry S. who wrote (34331)	11/6/2001 2:22:40 PM
From: Susan Saline	Respond to of 53068

did my eyes deceive me or did the dow just move from down 50 to down 9 in seconds?

To: Larry S. who wrote (34331)	11/6/2001 2:31:04 PM
From: BWAC	Read Replies (1) \| Respond to of 53068

You know Greenspan and that bunch are dancing on thin ice. Nothing in moderation, whether going up or down. Means the market will do nothing in moderation either. Nasdaq 3000 in a month?

To: Larry S. who wrote (34331)	11/6/2001 5:44:29 PM
From: Kelvin Taylor	Read Replies (2) \| Respond to of 53068

Flash Back: Fed Watch : Though the Fed continued to say that the risks were on the side of inflation, their announcement was more friendly; it noted that softening demand and tighter credit conditions suggest that the economy will grow at something less than its potential, which could ultimately set the stage for rate cuts down the road. Market Reaction : Equities retreat from highs of the day, as decision to maintain a tightening bias disappoints the market. Dow +54, Nasdaq +24, S&P 500 +5.3. Wednesday, Nov 15, 2000 wow, they were soooo concerned about inflation when weakness was already appearing. more aggressive action a year ago could have buffered the downturn we see now.

To: Larry S. who wrote (34331)	11/6/2001 7:57:31 PM
From: E.J. Neitz Jr	Read Replies (1) \| Respond to of 53068

Yield article for Larry and Sue: Yield's Supporting Role Steps Into the Spotlight By James J. Cramer 11/06/2001 15:22 -------------------------------------------------------------------------------- Yield is so boring, so needless in so many other markets. But now yield is playing a key role in supporting stocks. Lunching with Helene Meisler (we are closer together in our thoughts than you think) she mentioned that DuPont DD doesn't want to go down. I suggested that's because the yield is big, relative to cash, and the company has declining raw costs. I could see people selling defensive stocks to buy safer blue-chips like Dow DOW and DuPont, both of which have nice yields. I could see someone locking in a gain in a Pfizer PFE to buy a DuPont at this stage in the cycle. I think it is too early to do so, but the dividend will make it work in the end. She then mentioned that she didn't like Philip Morris MO . But, I said, the combination of the yield and the teens growth rate will propel it higher, not lower -- and she didn't disagree. Yep, yield creeps into all sorts of conversations these days. I think it is what keeps certain bank stocks afloat and I think it is what makes it some of the energy and all of the REITS attractive, including some that perhaps shouldn't be running. Remember, never reach for yield. Reaching means buying something that can't pay the dividend without borrowing money to pay it. If you don't know what I am talking about, look at the chart of Ford F ; it explains just about everything. It's never worth it.