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Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?

To: James Strauss who wrote (19575)	8/27/1998 4:49:00 PM
From: Sandra	Read Replies (1) \| Respond to of 50167

Jim, I agree...hopefully Mr. Greenspan will step in.....and Yeltsin will step out! Sandra

To: James Strauss who wrote (19575)	8/27/1998 5:30:00 PM
From: Tom M	Read Replies (2) \| Respond to of 50167

James >>FED needs to cut interest rates to avert a slowdown in our economy that would be translated into yet lower stock prices...<< Not wanting to spar with you, but isn't this what the FED has been trying to do since DOW 7000's irrational exuberance? Jawboning didn't work, and it seems so many people and institutions counted on Plunge Protection Team intervention, that they trusted leveraging to the hilt, worsening the situation until we were all sure of DOW 10k. So, we wind up with "new era" valuations which personally I don't want the FED to support. Bottom line is people just got too greedy, & the money mangers got too lazy to do anything but bloat the index stocks, IMO. Index stocks have been far too rewarded in general, for their % increase in earnings growth. I welcome a correction to the stocks that got way ahead of themselves. I just wish the brokerages media machines would come out and stop the carnage that's happening to stocks with decent earnings and book values. My point is the "whole" market doesn't need to correct. If we keep pushing a handful of index stocks to infinite valuations, we might as well de-list everything else and make sure everyone makes money on the indexed Ponzi scheme. Just another view of the same situation, regards, Tom

To: James Strauss who wrote (19575)	8/27/1998 10:29:00 PM
From: jayhawk969	Read Replies (1) \| Respond to of 50167

Jim, With Asia and Russia, and now Latin America teetering at the precipice, forward earnings growth for U.S. companies is not locked in stone as our export business shrinks... As I've said before, the FED needs to cut interest rates to avert a slowdown in our economy that would be translated into yet lower stock prices... The world in simplified form is 3 legged, Asia, Europe, and the US. If Europe falls as a result of the Russian influence the game is over. your remedy could not come soon enough. Lets hope that we get favorable news out of Europe soon. I don't expect Asia to be positive. J.D.

To: James Strauss who wrote (19575)	8/28/1998 2:05:00 AM
From: IQBAL LATIF	Read Replies (1) \| Respond to of 50167

James-- the bears have priced in every possible tragedy in the market-- they will not be able to maintain the selling-- we are not in deflationary environment and as such we will not see this thing going much further- we have deep pocketed buyers who are ready to jump in and I assure you that a market in bull trend can correct upto 20%-- yesterday was absolutely no surprise 1030 is my level below 1055 for long long time- but it is not the bulls under pressure I assure you it is the bears they have gotten the market here by default they would need to justify it and market will go back up on back of numbers in a weeks time,the deflation priced in will not be seen and AG will not cut the rate either that will be the most dangerous thing to fuel this market artificially let it come back on its own...