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To: robnhood who wrote (16849)	10/27/1998 7:36:00 AM
From: John Hunt	Read Replies (1) \| Respond to of 18056

Re Robert Brooke Article Hi russell, Thanks ... That was an interesting link. Funny there are so many negative articles in the news today, when the dow shows signs of weakness. Coincidence or orchestration? :-)) John

To: robnhood who wrote (16849)	10/27/1998 7:43:00 AM
From: John Hunt	Respond to of 18056

Maybe The Sky Really Is Falling talks.com << Back in the early '80s, when banks were failing in large numbers, the then-Fed Chairman Paul Volcker never hinted at how serious the problem was. His speeches and testimony to Congress were so larded with economic jargon that it was hard to tell what he thought about anything. Which is precisely what he wanted. Greenspan has broken with that tradition and begun to speak in basic English. He scares us. His warnings of danger to Congress, the crisis move to stave off the bankruptcy of LTCM, the emerg ency phone call to Fed governors all suggest he's aware of an impending doom too terrifying to describe. In explaining the reasons why LTCM had to be saved, Greenspan briefly compared it to the panic of 1907 when J.P. Morgan convened the leading bankers and Wall Streeters of the time in his library, locked the door, and told them what it was going to cost each to keep the crashing market from causing a major depression. When some complained that it would mean dangerously dipping into reserves, Morgan roared, "That's what they're for!" >> John Tompkins is obviously wrong ... the overnight S&P is UP! Hang on to your wallets. < g >