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To: GST who wrote (64450)	6/24/1999 4:15:00 PM
From: KeepItSimple	Respond to of 164684

GST, we're wasting our breath. For most of the internut investors, the concept of a net stock going down and never coming back up simply does not exist. They cannot fathom it, so they cannot prepare for it. In the end, there will be total wealth destruction of millions of speculators. Can't say I'll lose much sleep over their fates. > When the volume picks up it will be the ugly rush for the door -- too late.

To: GST who wrote (64450)	6/25/1999 4:15:00 AM
From: dbblg	Read Replies (1) \| Respond to of 164684

>>I am struck by the incredible complacency in this market (and on this thread). Hi GST, True, but there's also tons of handwringing which seems to be driven more by a surfeit of financial news and stock chat than anything else. Let's see: GE and LU are acting well, INTC, after an Edelstone downgrade, is up from where it was last week (and earlier in the month), comm ICs have scarcely corrected, and the major nets (defined arbitrarily as the ones I follow :)) are above support. QCOM, which would seem to be a logical candidate to suffer multiple compression here, has come back to meet its 50 day moving average exactly once (in late May) since it broke out. The charts of the stocks I own or want to own are not, at this time in sync with the breathless reports of impending doom on CNBC and the jeremiads which sometimes litter this thread. Look, if we get 1994-style tightenings (and remember, in 1994, rates just about doubled) the market is going to get crushed. I'm just having trouble seeing that scenario unfold from here. Best of luck, Ganesh