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To: Les H who wrote (163239)	5/1/2002 1:32:34 PM
From: TheStockFairy	Respond to of 436258

See? If they would just let the darn government directly buy index funds or stocks we wouldn't have these problems. Think of all the CG taxes they could collect and how rich this country would be. In fact, I would be in favor of having everyone in the country pay taxes quarterly if the guberment would buy stocks. Sounds like a good plan to me.

To: Les H who wrote (163239)	5/1/2002 1:51:06 PM
From: Gut Trader	Respond to of 436258

Fed needs to flush Long term porfolios to glom sum capitol gainz.

To: Les H who wrote (163239)	5/1/2002 4:05:18 PM
From: prosperous	Read Replies (3) \| Respond to of 436258

The Inflation indexed savings bond rate for next 6 months was changed today (I bonds). publicdebt.treas.gov It went down from 4.4% (in last 6 months) to 2.57%, looks like the government thinks inflation fell from 1.19% to .28% (70% drop) These were good instruments to invest in for a part of the portfolio for diversified investors and many investors had stampeded to doing that. However, with the new rates it looks unlikely that people would buy more. For those trying to derive a living out of safe govt bonds it might feel like "an exercise in trying to milk a bull". My suspicion is that the effort to push investors to put their money into equities may end up making them holding even less. Looking at the indexes it seems unless there is another attempt to push them up one last time we are headed for the nirvana (well at least Sep'01 lows), but I do expect one more push back before we taste reality to frustrate shorts some more