Even if I didn't have a brokerage, I'd want to talk with a broker. You have big accounts, long term accounts to provide personalized service, so longer hours means raising rates.

If we're talking about buying exchanges abroad, we have to have global securities standards, as we have global banking regulations. I'm talking about margins. Now, the United States has certain margin requirements that are not the same in London. Investors and hedge funds that want to borrow more money against securities if they can't in the U.S. they go abroad. That could add additional risks to the global economy.

I think a lot of the bad news about Enron is behind us,

I think in a couple of weeks, the question of all these bad write-offs will be behind us because everybody is going to throw in the towel on bad accounting

Now the Fed cannot raise interest rates

They have faith in the market and didn't sell in any of the breaks that we've had.

We have a new lot of investors. They know the new products. They know the technology.

There is a lot of free news on the Internet, and you can place your trades through it, by yourself

That means more money in people's pockets. If it gives them more cash to spend and pay off their credit card debt or buy other things, it can give the economy a nice pop

With cash in hand, Siebert is on the hunt for a good deal. If I made a mistake it's that I've been too conservative, It's slow, but black is beautiful.