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Non-Tech : Simula (SMU)

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To: wally who wrote (1053)	4/2/1998 10:41:00 AM
From: Francois H. Gaston	of 1671

It is amazing to see how nibble investors are (especially with SMU now, a stock really beaten up). I my book there is NO real stockmarket mania...yet!. Many pundits say that "a big correction is coming,... even potentially a super duper crash"... I believe a big correction is coming... but NOT NOW in the USA. No reason for that. Of course, we could talk ourselves into dumping stocks. I happen to believe, after my reading about crashes, that those are unexpected (I mean the day it happens). And I compiled a table (from my "crashes" reading members.aol.com that shows that many events need to be in place to have a crash a la 1987 or 1929. We are NOT there yet, in the US. Corrections could occur, but there is a LOT of money, right now, on the sidelines... ready to jump in a hurry at any "panic" selling. IMHO the market is ready for a blow off rather than a big time correction. Time to be fully invested... IMHO I see SMU up from here. Good luck Gaston

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