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To: GVTucker who wrote (67377)	3/15/2005 1:06:24 PM
From: rkral	Respond to of 77400

GVTucker, re "The NYSE uses 31 Dec 1965 as the inception date for the NYSE Composite Index." Interesting, considering the NYSE also says the Composite Index was launched 14 July 1966. Ron

To: GVTucker who wrote (67377)	3/15/2005 4:37:57 PM
From: Amy J	Read Replies (1) \| Respond to of 77400

In early 2001, "we were confronted at that time with an almost universal expectation amongst the experts that we were dealing with a very large surplus for which there seemed to be no end," Greenspan said. story.news.yahoo.com The above statement really makes me lack confidence in the govt, because by early 2001 every businessperson was fully aware of the economic situation, cutting budgets, in fact, we were wondering why the govt (esp CA) was so late to cut expenses compared to businesses around that time and I think someone may have stated as such on the Intel thread. How can Greenspan be so far behind the thinking of business leaders? Here's the concern: while one can understand why the govt is slow to take action, it doesn't explain why the govt's thinking would be so far behind the thinking of businesspersons. Maybe some of the large caps were positive and possibly Greenspan only gets input from them, but the small caps were cutting expenses at that time and many of the large caps too. Regards, Amy J