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To: Joe NYC who wrote (85531)	7/22/2002 11:29:14 PM
From: tejek	Read Replies (1) \| Respond to of 275872

I think this is what AG has been talking about every time he cautioned about the irrational exuberance. In retrospect, he should have slammed the brakes much earlier, right after the Asian currency crises was digested, or even during. It would have been easier to digest a drop back to say 1000 (where we may end up as a worse case scenario) from say 2000 of pre-Asian currency mess, or 1400 bottom than from 5000 Naz. Joe, can you imagine the screams had he done anything? He would have been between a rock and a hard place. And the truth is many of us thought there were no limits and many company CEOs helped us to believe in that axiom. ted