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To: stockman_scott who wrote (45022)	12/10/2001 11:06:03 PM
From: Dealer	Read Replies (1) \| Respond to of 65232

I think this guy is spot on.......what's changed???? Looks like SPX puked up 3 years. :-) From: shoreco Monday, Dec 10, 2001 7:56 PM Respond to of 49033 Putting the charts aside for a minute. About 8 months ago I heard an analyst on CNBC say it takes 6 to 9 months for the rate cuts to take effect. Well that was back in April and all I heard was how we were going to get this turn around in the economy in the 3rd or 4th qtr. Well, here we are in the 4th qtr. and 11 months after that first rate cut all I keep hearing is how we are going to get this turn around in the economy in the 1st or 2nd qtr. Here's the difference between now and 8 months ago. Eight months ago the Fed had a belt load of bullets to shoot and a promise that a recovery was right around the corner. Now we find ourselves low on ammo and nothing more than that same promise from a bunch of YTD under performing Fund Managers and a group of paid by somebody TV analyst...LOL... Here's the wild card. Unemployment is on the rise and even though retail sales have improved dramatically over the last couple weeks, statistics show if they weren't giving the merchandise away then they probably wouldn't be selling so much of it, and to top it off, they're probably front loading most of the sales for the next qtr. or two, and that includes mortgages while people stumble over each other trying to take advantage of the lower interest rates. Now back to the charts, I did notice that widely held stocks are holding up much better than stocks with low floats or anemic earnings. This leads me to believe they are being held up for a reason (did I mention YTD under performing fund managers yet). To go long here is absolute nuts, unless your time frame is an hour or two. When I look over charts from the last 15 years they show plenty of opportunities to board the train without losing a limb. No one should feel like if they don't buy now they won't make any money. That is complete bull chit! and that is how hard working people blow their hard earned money. IMO, We are just creating another bubble and we all know how bubbles end. EOM Shoreco PS In no way am I saying we can't recover, let's just see some proof before we all scream the bottom is in..... PSS Here's a chart of the S&P500 over the last 15 years. Take a look and you'll notice if we're in a new bull market you got plenty of time to get on. stockcharts.com[w,a]macl...

To: stockman_scott who wrote (45022)	12/10/2001 11:12:46 PM
From: RR	Read Replies (1) \| Respond to of 65232

Your comment about them bringing out the best in each other tells a lot right there, Scott. Such a critical feature of a successful marriage I think. That strikes home to me in a very sincere way. I've said countless times over the years that to the extent I might judge that I have been successful, it's due to Mrs. RR. Ain't no way we'd achieved what we have nor had the strong family we do without that woman. RR

To: stockman_scott who wrote (45022)	12/11/2001 5:49:25 PM
From: Sully-	Read Replies (1) \| Respond to of 65232

Word of CSFB Settlement Rocks Wall Street Tuesday December 11, 5:08 pm Eastern Time By Brian Kelleher and Elena Molinari NEW YORK (Reuters) - Credit Suisse First Boston reportedly will pay $100 million to settle federal charges that it mishandled hot stock offerings during the final days of the 1990s bull market, setting the stage for other Wall Street firms to follow suit. The settlement may provide the thousands of individual investors that sued dozens of investment banks alleging fraud in the way they doled out IPO shares with additional ammunition, although it does not set a formal legal precedent, security law experts said. CSFB, a unit of Swiss financial services giant Credit Suisse Group Inc. (NYSE:CSR - news), will settle an investigation into whether it charged big customers extraordinarily high trading commissions in exchange for shares of high-flying initial public offerings, the Wall Street Journal reported on Tuesday, citing people familiar with the matter. The investigation also focused on whether Wall Street firms required rich customers to buy more IPO shares on the first day of trading to guarantee a newsmaking jump in the stock price. The probe involves many of Wall Street's biggest firms, and has resulted in a flood of civil law suits by disgruntled investors. The plaintiffs in these suits, mainly individual investors who are seeking class-action status for their lawsuit, may benefit from the settlement. ``The settlement doesn't imply a formal finding of liability,'' said John Coffee, professor of Law at Columbia University. ``But may subjectively influence the court, which may not want to dismiss a case that has already been deemed as nonfrivolous.'' A CSFB spokeswoman declined to comment on the matter, and spokespersons for the U.S. Securities and Exchange Commission and the regulatory arm of the National Association for Securities Dealers -- which were reported to be negotiating with CSFB on a settlement -- declined to comment. But one CSFB source told Reuters the company and regulators have not yet signed anything definitive. CSFB rivals including Goldman Sachs Group Inc. (NYSE:GS - news), Morgan Stanley (NYSE:MWD - news), and Citigroup Inc. (NYSE:C - news) unit Salomon Smith Barney are also under investigation and are being targeted in the more than 1,000 IPO-related lawsuits. ``The issue is not dead yet for the other firms,'' said Dave Trone, an analyst at Prudential Securities. If CSFB announces a settlement -- which the newspaper said should come by the end of the year -- it could prompt the other firms to follow suit and avoid the negative publicity of a prolonged investigation, Trone said. ``There will be a few more settlements, (but) not of that magnitude,'' assuming the $100 million figure is accurate, Trone said. In 2000, CSFB managed more IPOs than any other firm, 92 in all, according to research firm Thomson Financial Securities Data. Representatives for Goldman, Morgan Stanley and Salomon declined to comment. PLAINTIFFS SAY CSFB SETTLEMENT WILL HELP THEIR CASE Forty-two Wall Street firms and 263 companies have been named as defendants in more than 1,000 lawsuits that allege the investment banks and the companies they brought public artificially pumped up prices of newly issued shares, according to documents filed in U.S. District Court for the Southern District of New York. The plaintiffs in the civil litigation believe the CSFB settlement will help their case. ``It will surely have a strong psychological effect,'' said Milberg Weiss, partner in the New York law firm Milberg Weiss Bershad Hynes & Lerach, likely to be appointed as lead counsel for the plaintiffs in the civil litigation. ``It is one of the highest fines in the history of Wall Street. Everybody can see that there must be a reason.'' CSFB and its Wall Street rivals rode the tech wave of the late 1990s and early 2000 to capitalize on an insatiable demand for tech IPOs, pulling in billions of dollars in underwriting fees and shattering previous profit records. The settlement will likely pave the way for new rules governing the allocation of IPOs, the Journal reported. Stricter rules won't have much of an effect until the IPO market recovers. ``It's a moot point until you see a red-hot IPO market again,'' Trone said. CSFB's tumultuous 2001 was marked by the ouster of Chief Executive Allen Wheat and the dramatic decline in revenues from its stock underwriting and merger advisory businesses. CSFB is cutting bonuses and 2,000 jobs under new CEO John Mack to cope with the revenue decline. When CSFB hired Mack -- formerly president of Morgan Stanley -- in July, it contended that his appointment had nothing to do with the IPO probe. But on Wheat's watch, CSFB ran afoul of Swedish and Japanese regulators, prompting some to take note of what they considered to be the firm's lax controls and its reputation for giving executives a lot of leeway. biz.yahoo.com

To: stockman_scott who wrote (45022)	12/11/2001 5:55:18 PM
From: Sully-	Read Replies (1) \| Respond to of 65232

Sept. 11 Suspect Charged With Multiple Counts of Conspiracy WASHINGTON — A federal grand jury has charged a jailed French Moroccan with six counts of conspiracy in the Sept. 11 terrorist attacks, U.S. Attorney General John Ashcroft said Tuesday. It is the first indictment directly related to the hijackings of four airliners that killed more than 3,000 people in the World Trade Center and the Pentagon. Zacarias Moussaoui, detained on immigration charges since August, has been charged in a 30-page indictment with: • conspiracy to commit acts of terrorism; • conspiracy to commit aircraft piracy; • conspiracy to destroy aircraft; • conspiracy to use weapons of mass destruction; • conspiracy to murder U.S. employees; • conspiracy to destroy property. Four of the charges could carry the death penalty. Moussaoui will be arraigned in a federal court in Virginia on Jan. 2. Ashcroft also announced a list of unindicted co-conspirators, including Usama bin Laden, and said listing them as unindicted did not preclude them from facing indictment as the investigation progresses. The indictment, issued by a grand jury in the Eastern District of Virginia, charges Moussaoui "with conspiring with Usama bin Laden and Al Qaeda to murder thousands of innocent people in New York, Virginia and Pennsylvania on Sept. 11," Ashcroft said. "Today, three months after the assault on our homeland, the United States of America has brought the awesome weight of justice against the terrorists who brutally murdered innocent Americans. "The indictment issued today is a chronicle of evil," Ashcroft said. "Al Qaeda will now meet the justice it abhors and the judgment it fears." Ashcroft called Moussaoui "an active participant" in the terrorist attacks, and said he was charged with "undergoing the same training, receiving the same funding and pledging the same commitment to kill Americans" as the terrorists on the hijacked planes. The attorney general also announced a list of 23 unindicted coconspirators. In addition to bin Laden, they include bin Laden's deputy, Ayman Zawahiri; all 19 of the Sept. 11 hijackers; a man the FBI has identified as the intended 20th member of the hijack team; and bin Laden's alleged financial manager, Mustafa Ahmed al-Hisawi. Moussaoui trained at an Al Qaeda camp in Afghanistan in April 1998, the indictment charged. Around the same time, Mohamed Atta, suspected ringleader of the hijackers, and two other of the 19 hijackers formed an Al Qaeda terrorist cell in Germany. Last year, Atta and the other hijackers traveled to the United States. In July, Atta visited the same flight school in Norman, Okla., where Moussaoui eventually would enroll According to the indictment, Moussaoui received money from sources in Germany and the Middle East and pledged to kill Americans. He was detained Aug. 17 on immigration charges after officials at a Minnesota flight school where he sought training grew suspicious and called authorities. He has been held as a material witness — someone with possibly important information — in the investigation of the terrorist attacks. U.S. officials had spoken of Moussaoui as possibly an intended 20th member of the hijacking team. But FBI Director Robert Mueller last month told federal prosecutors that a computer owned by Moussaoui did not link him to the Sept. 11 attacks. Mueller then named Ramsi Binalshibh, a Yemeni fugitive, as the man who may have planned to be on United Airlines Flight 93, which crashed in Pennsylvania. Moussaoui has been the subject of intense scrutiny since the attacks, which occurred while he was in custody. Prosecutors had wanted to search his computer but were unable to get approval for the warrant until after Sept. 11. The search showed that Moussaoui had gathered information about "dispersal of chemicals" as well as about crop-duster planes, Mueller said last month. The discovery prompted the Bush administration to temporarily ground crop-dusters as a precaution against a possible biochemical terrorist attack. When he was seeking flying lessons, Moussaoui said he wanted to learn to fly, but not take off and land, Mueller said. According to the indictment, in late September 2000, Moussaoui contacted the Oklahoma flight school using an email account he set up with an Internet service provider in Malaysia. The following month, he received letters from Infocus Tech, a Malaysian company, saying he was the company's U.S. marketing consultant and would be paid $2,500 a month. In February Moussaoui flew from London to Oklahoma City via Chicago. He opened a bank account in Norman where he put $32,000 in cash, the indictment said. The Associated Press contributed to this report. foxnews.com