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To: Lucretius who wrote (136594)	11/30/2001 9:29:21 PM
From: Mark Marcellus	Respond to of 436258

Given that it's Joe Queenan, I don't think there's any doubt. amazon.com

To: Lucretius who wrote (136594)	11/30/2001 9:31:54 PM
From: John Madarasz	Read Replies (3) \| Respond to of 436258

November 26, 2001 I believe that the Federal Reserve will likely forego an additional rate cut at the upcoming FOMC meeting on December 11. Since spreads between the current fed funds rate and other short dated maturities have already widened for the first time this year, I believe the market will react positively to such a decision at this time. In light of this and our expectation for an improving economy next year and stabilizing earnings, we continue to believe that bonds will under-perform equities and recommend that balanced investors take some profits from the bond side of portfolios and look to raise exposure to equities. gruntal.com