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Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?

To: George Coyne who wrote (259930)	5/31/2002 12:50:11 PM
From: MSI	Respond to of 769670

Yup, at least it's in the top two reasons, the "Event Risk". Keep your powder dry for heading for the hills. The other reason is lack of confidence in government and accounting. Pull in your horns if you don't think authorities are telling you the truth. Were the administration and business leaders able to lay out probable continuation scenarios, we investors could agree on the kinds of investments, and sector rotation would head in that direction. Instead it's a hodge-podge of defense, bio detection, real estate. Instead we see cartoons of Rumsfeld saying "bad news is we'll get hit badly by terrorists, for sure. The good news is I'll be safe and sound in my bunker!" What kind of crap is that. What's needed is business and social leadership to lay out how life will be under probable scenarios, how we can survive and thrive. As well as something other than total idiocy in homeland defense to avoid these things in the first place. The third reason is the tulip-mania. I'm amazed Greenspan has navigated that as well as it has been, especially since I'm still mystified why he did not stiffen margin requirements. That would have been the right thing to do, and been more effective than the see-saw in interest rates for the cool-down.