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To: NickSE who wrote (32483)	4/11/1999 11:50:00 PM
From: NickSE	Read Replies (1) of 86076

The Dow bubbles and the bears rumble newaus.com.au ............. These shares didn't just fall for no reason. This trend is not an act of God and there is nothing mysterious about it. Shares are falling because earnings are falling or are expected to fall. I suspect this is one of the reasons that Warren Buffet publicly questioned the fundamentals of corporate America. When the likes of Warren make statement like that then one should sit up and listen very carefully. This man is talking from within corporate America. Perhaps the announcement by the famed Caterpillar company that its predicted first quarter profits had been slashed by 50 per cent and that it was planning to close US and foreign plants has finally prompted some investors, including Buffet, into reassessing the market risk factor. That bulls have been quietly withdrawing for some months while bears have been moving in may have motivated Martin Armstrong to argue that many investors have become more risk averse. If so, then the market is being driven by "bubbleheads". .............

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