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Pastimes : The Justa & Lars Honors Bob Brinker Investment Club

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To: Justa Werkenstiff who wrote (7254)	7/28/1999 10:45:00 PM
From: Hank Stamper	Read Replies (1) of 15132

Justa wrote: " Bear Market I find it interesting to contemplate what a bear market would look like in this new economy. " Well I have been contemplating the effect of a bear market on the internuts. Why? I dunno, but I watch market commentary about every other morning. There is a steady stream of CEOs of those firm bragging how they beat the street's estimates of what they'd lose. The guy who runs thestreet.com was pleased as punch this morning that he only lost 6 mill this past quarter. I mean, why worry about losses when you can always sell more stock to fill the coffers. This is like some sort of Ponzi game. On Sunday, I heard Bob make reference to this market as in a topping process. When a bear appears, these companies' sources of finance will dry up completely because Mr. Market will no longer finance them (and the banks already think they stink). I believe countless many of the internuts will fold in a bear market. I think there may be a bloodbath. Riding IBM down 30% or 60% in a serious bear will be like heaven compared to riding down a company that goes out of business. Ciao, David Todtman

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