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To: limtex who wrote (113938)	2/21/2002 8:35:30 PM
From: marginmike	Read Replies (1) \| Respond to of 152472

yup anb 10% unemplyment? Thought I said the economy was deteriorating further a whille back-g-

To: limtex who wrote (113938)	2/21/2002 8:45:50 PM
From: sea_biscuit	Read Replies (1) \| Respond to of 152472

There is still a way out. We need the "maestro" Greenspan to pull off one more trick. If he can engineer the stock-market to decline slowly (like 10%-12% a year for the five year period from 2000-04), we should be see the S&P at 750 or so by the end of 2004, and with the Dow probably at 6000 and the Nasdaq at 1200 or so. That is the best-case scenario that I can think of. Everything else is worse than that. In fact, even though most of my money is in money-market funds (I don't have the option of "cash"), I am emotionally reconciled to lose about 10% as I suspect that a lot of money-market funds will break the buck as the economy and the stock-markets plunge... The good news is that Greenspan seems to be doing his job quite successfully. The S&P declined 9% in 2000 and 12% in 2001. Hopefully, future declines will be modest and spread over time and hopefully, we will survive.