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To: PDL who wrote (2920)	1/19/1999 2:20:00 PM
From: RocketMan	Read Replies (2) \| Respond to of 41369

I would love to see Greenspam criticize internet stocks and bring them down. What a buying opportunity that would present. However, I doubt if many internet investors are going to make their decisions based on the Fed chairman's opinions of their particular stocks. If he wants to bring the whole market down, let him, but I don't think he can hurt the internet stocks without also hurting GM, Exxon, and other "politically correct" stocks.

To: PDL who wrote (2920)	1/20/1999 1:39:00 AM
From: Tunica Albuginea	Respond to of 41369

PDL, I agree, we must all fear " Bubba's "social security privatization plan" . [will merely be a sop for the government keeping and maintaining more control over yours and my tax dollars -- under the auspices of "let the government invest your retirement dollars and insure the integrity of the Social Security System for another 20 years". We must NOT give the budget surplus back into the Remocrats ( Repub + Democrats ) greasy hands. Otherwise when we'll have paid the deficit down they 'll. come out and say " see, we are no longer in debt. We can now borrow a little and it will be easy to pay it back." Then we go back 50 years in deficit reduction. No; Keep the deficit there , to remind these bozos in Capitol Hill that they've already sucked enough blood out of the unborn children and to go on a fiscal diet for heaven's sake, they got so fat. I doubt anything Alan G says about the stock market will have any weight.The mistake that Alan G and Bubba made Oct 15 98 was to reflate " The Bubble " ( 90's stock market ) by lowering interest rates. It would have been better last Oct 98 to let Asia and the profligate Banks and CO tank completely after 40 years of financial excesses. Let the system purge itself. Show the world the sham puppet Bubba is in terms of financial know how and send him and his troops out to pasture. Bring in the new. Well, they didn't. So bubble is off and away. I can't tell you when it's going to hit an air pocket nest. My best guess is when the 401K 1999 retirement runs out and earnings are out. Sometime end of Feb. TA

To: PDL who wrote (2920)	1/20/1999 12:22:00 PM
From: Tunica Albuginea	Read Replies (1) \| Respond to of 41369

PDL, Alan G. just said about the current market " I think that everybody would agree that valuations are currently at the high end and that is all I am going to say now ", and he smiled and congresspeople chuckled. Can we say that they are not ready yet to tackle internut valuations as " irrational exuberance " as yet? I deduct from this that people sense that the web is a much bigger event than the biomedical stock mania was in the 80s. I think any doc would have told you were crazy to believe all that hype. I certainly didn't buy Amgen at $35. ( Of course I never imagined that Congress would spend the Nation's inheritance on it, so I guess I was wrong on that side ). But the Internet I think is a much wider and deeper revolution, the biggest since the invention of the PC and at least equal to it, TA =============================================================== Re: Also look for Greenspan to come out (I think he's got an address scheduled for tomorrow) with some "irrational exuberance" comments especially directed at Internet stocks. This will be coupled with actions underway by NASDAQ aimed at taking the fizz away from inut stocks and investors. Just MHO, but I wonder what this might do to some of the high-flyers... In the long-run, the market will reflect the realities of the market, so I don't think manipulation from Greenspan or Bubba "work" long term, but I do worry about the short-term. Welcome your thoughts.