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To: larry who wrote (60045)6/28/2002 11:37:03 AM
From: Eric  Read Replies (1) | Respond to of 77400
 
larry

AG could have tightened a little bit more but the Internet buzz was just too strong and we were programmed for the blow off. I think we all believed that and were gritting our teeth as the top approached!

Hey it was fun for me but I do feel for those who got sucked in the last few years before the top.

You know the dollar will do fine. Once the world realizes that the U.S. will just keep humming along they will come back to where the growth and opportunity really are. Japan however still needs structural reform. It looks like they will be the largest debtor nation shortly.

Have a good weekend,

Eric



To: larry who wrote (60045)6/28/2002 1:17:24 PM
From: Victor Lazlo  Read Replies (1) | Respond to of 77400
 
larry, instead of some of those rate hikes, Greenspan should have increased equity - margin requirements. He could have gradually cut margin capacity allowed by 50% and imo that would have put a damper on a lot of the wild stock speculation that we saw.
Victor


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