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To: Chris McConnel who wrote (586)	5/21/2003 4:47:17 PM
From: MeDroogies	Read Replies (1) \| Respond to of 795

Greenspan spoke of deflation in 1998/1999 too. Of course, rates were considerable higher then, so nobody took it all that seriously. Still, it remains a question...return to 1930 and review the steps taken to fight the downdraft. Considerably different scenarios than today's situation, and all fairly manageable at this stage. However, the one thing that is unmanageable is fear and greed. That is, psychology. Media feeds on sensation, and media plays sensation, so reality becomes rapidly skewed. Looks like we're living that old Chinese curse. We're living in interesting times.

To: Chris McConnel who wrote (586)	5/21/2003 5:21:11 PM
From: Jon Khymn	Read Replies (1) \| Respond to of 795

Chris, I feel the last week's top was THE top and will not be broken for a while, say within next 6 months... You mentioned about possible summer rally, how do you picture next 6 months or so? I can't get rid of this feeling that Fed and the big boys of the market artificially tried to keep the stock market floating. If this assumption is true, then when this support is gone, the side effect will be bigger and more damaging. I feel sorry for Uncle Greenie, he looked so much older and tire today, I don't see any more "exuberance" in him... I don't think he should take another term, he should retire and spend more time with his wife...