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Strategies & Market Trends : The Millennium Crash

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To: Bonnie Bear who wrote (550)	8/30/1997 9:57:00 AM
From: Tommaso	of 5676

The people on Wall Streeet Weeks last night weren't all that confident anymore either. Gail Dudack is the only regular panelists who seems to me to have a grain of sense, and she's been bearish for a year or more. I think maybe Rukeyser ought to retire and turn the show over to her. Ever since they changed their "elves" from actual technical indicators to people, there hasn't been much to learn from the show. The closest thing to real bear I've seen (I admit I have missed some weeks) lately has been Templeton!!! Mr. Bulloptimist. Sorry. SIR Bulloptimist. More anecdotal evidence of what's been going on in the country. I know a graduate student who has put part of her scholarship grant into a mutual fund. I think that what we have is very comparable to the banking rhythms of the nineteenth century. Lots of banks opened and then went bust, over and over, luring people to put in their money for safety and interest payments and then closing. At least with the mutual funds everyone will get something back. But after they get back half of what they put in they won't do it again for the rest of their lives.

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