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To: Perspective who wrote (226031)	3/6/2003 7:02:30 PM
From: Earlie	Read Replies (1) \| Respond to of 436258

BC: Good comments with which I heartily agree. Many, many stocks are clinging to the cliff's slippery edge. Intel's comments this evening add a nice bit of underlining to the tech sector mess. Flash memory sales in the swamp you say? My oh my. I believe the quote you reference was provided by none other than a former fed chairman,...... one Mr Paul Volker. I thought at the time that it was "spot on" and it seems even more so today. Best, Earlie

To: Perspective who wrote (226031)	3/6/2003 7:10:12 PM
From: Cynic 2005	Respond to of 436258

Paul Volker said it. <<I remember a quote from 2000 in which someone said that the whole global economy depended upon the US stock market, which depended upon 100 technology companies, most of which had never posted the first dollar of profit. Well, now the whole of the global economy depends upon three companies: MBI, FNM, and JPM. Watch these closely. They represent the trio of pillars supporting the unsustainable global economy: structured finance bubble, mortgage bubble, and derivatives bubble>>