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To: Ironyman who wrote (36779)	7/7/1999 7:16:00 PM
From: Hawkmoon	Respond to of 116927

Eric, That was then, this is now. We just can't ignore the fact that there is a ton of money still flowing into this market from the "baby boomers" and will be for the next 10 years or so. So even with my expected Y2K correction and a little nervousness in the first part of next year, the market will likely resume its upward trend afterward as Armstrong suggests. Now the dark horse in this prognostication is that if other countries have relatively little exposure to the US, then there is the chance that they may orchestrate an "event" that puts our markets under pressure. But I have a hard time believing in this possibility since they will inevitably suffer more than the US in any economic catastrophe. They still need our markets to prevent them from slipping down the slope of depression. What is being screamed is "correction!" and consolidation!!, not crash. And when or if Y2K panic hits, it will hit worse in Asia and Europe than it will here. But if you're worried, now's the time to be looking at the bear funds like BEARX (despite their gold positions). Regards, Ron