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To: Crimson Ghost who wrote (34608)	1/9/1999 10:59:00 AM
From: SliderOnTheBlack	Read Replies (2) \| Respond to of 95453

<<... jawboning has proven completely ineffective. >> I respectfully disagree; the phrase ''Irrational Exuberance'' was born out of the effect of it's use by Greenspan, not it's verbosity... When Greenspan ''jawbones'' - markets will react. I don't think they will hike margin requirements across the board; but may make the Internet stocks completely non-marginable . I think the DOW will immediately move down 10% off of any negative comments or irrational exuberance warnings. I think DOW 7800 is about ''fair/common sense'' value...fwiw. Hopefully this will be a catalyst to a return of rationality and value orientation. We should see our fair share of sector rotation shortly.