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To: TGPTNDR who wrote (164845)	5/3/2002 1:14:12 PM
From: kapkan4u	Read Replies (4) \| Respond to of 186894

Just closed my 800 long INTC put contracts for Jan $20, 2003 and 2004. Made a little over $20K. INTC looks a bit oversold, will try to get back in on a bounce. Kap

To: TGPTNDR who wrote (164845)	5/3/2002 1:49:13 PM
From: Jim McMannis	Read Replies (1) \| Respond to of 186894

*RE:"Think that'll be enough to convince our BELOVED* fed chairman to loosen the bias?** Maybe even the interest rate?" It really goes beyond interest rates. The bubble is bursting but certian areas of the economy are doing quite well. Interest rates are wierd. For instance...you'll pay about 7% for a home mortgage right now but get relatively nothing on a money market account. You can have a couple million in cash and barely make enough interest to live off it. People are scared to death of the stock market. Flipping RE w/it's tax break is what's happening but who knows how long that will last. RE:"Weren't you one of those who thought that last 1/2 point increase 2 years ago was justified?" More like 2.5 years ago. They were probably too little to late and based on the y2k bubble, likely were ineffective anyway. After the bubble we were destined to crash, no?

To: TGPTNDR who wrote (164845)	5/3/2002 1:51:23 PM
From: John Chen	Read Replies (1) \| Respond to of 186894

TGPTNDR,re:"1/2 point...justified". Yeah, another 1/2 or more. The unemployment rate has nothing to do with 'money supply'. The stock-pro, real-estate-pro have been telling us there are Trillions sitting on the sideline and AG take it to his heart. There are already enough money out there, though not 'evenly, fairly(to be argued)' distributed. Any more money does not help the 'losers', the more money AG/fed prints, the situation get worse (gap between Rich/not so rich/poor). Any more 'manipulation' by the Fed/AG is just buying time. Can't blame it for trying, though? Yeah, history has a habit of repeating itself, no matter how clever the gov. trying to control the human-beings' greed. I believe we have 'collateral damage' done to this society/culture and someone will pay for it (dearly). (most likely future generation at the expense of several nobel-prize winners of peace,economy...)