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To: Bridge Player who wrote (19978)	6/3/1999 8:16:00 PM
From: Boplicity	Read Replies (1) \| Respond to of 41369

BP, Could you be so kind to tell us when you believe the Market will be correctly priced, DOW and Naz numbers.. Also, what is your final price for AOL before you see it correctly priced and how you determined the price? Plus, are you long any stocks at all? Gives us a run down of how you are making money at this time. Thanks, Greg

To: Bridge Player who wrote (19978)	6/3/1999 8:49:00 PM
From: Dr. Zax	Respond to of 41369

I must say. >>Greenspan I concur. I think Allen Greenspan should get a Nobel. He has been in line for it for several years (IMO). He has done an excellent job. People may argue that it was just luck that he was FED chairman during one of the best US economies ever. But I firmly believe that is at least partially to his credit. He probably won't get the award until after his next term though... unless he declines another term Cheers Dr. Zax

To: Bridge Player who wrote (19978)	6/3/1999 9:38:00 PM
From: TARADO96	Respond to of 41369

The U.S. economy now is very much different from Japan's 1986-1991. Japan's economy was already slowing down, mired in bad loans and corruption. In fact, while their stock market is recovering slowly now, Japan still has not been able to get out of its prologend recession. In short, your comparison between the Japanese and the American does not make sense. It is like comparing apples to oranges. However, it is a good point of illustration of what can happen when a market is way ahead of its actual economic condition. In my opinion, the current market in the states is not ahead of the current economic condition. What we are experiencing is an unparallel period of growth and prosperity. There is nothing to stop us (remember last fall when U.S. seemed to be only haven in a world of economic turmoil), except ourselves. Tar

To: Bridge Player who wrote (19978)	6/3/1999 10:27:00 PM
From: Ed Forrest	Respond to of 41369

For the most part I don't like your posts or perhaps even you,but giving you your due you nailed this one.Kudos! Ed Forrest

To: Bridge Player who wrote (19978)	6/3/1999 10:49:00 PM
From: Captain Leap	Read Replies (1) \| Respond to of 41369

I agree! I think Greenspan has done a masterful job. By making the Fed more open, the market can correct itself (vs. the Fed playing with rates directly). The Fed doesn't create unnecessary volatility by meddling with rates as often. It plays more of a stablizing role with its other tools. Certainly, pre-Greenspan Fed's have contributed to the business cycle. So is the business cycle dead because of a new paradigm...probably not, but the Fed can't admit that they are in fact responsible for making it go away for awhile, at least. Captain Leap