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To: KM who wrote (26054)	7/30/1999 8:48:00 PM
From: MileHigh	Read Replies (3) \| Respond to of 93625

KM, I read the article, what is your take? Mine is as follows: 1- Bears, or well articulated cautious views, always have a tendency to sound "smart" because they preach caution and we often times think that contrarians "must know something" or "they must be smarter than me"....Also, most individuals are risk averse. 2- 30 Yr bond yield was well over 10% in Oct '87 crash and real interest rates were very high 3- Corporate profits right now are outstanding with no real warning sign that EPS growth is slowing. 4- The dollar is key right now, as a weaker dollar reduces our purchasing power abroad and could cause an uptick in import prices... 5- But, investor sentiment is more important than reality on the upside and downside and it seems as if the dreaded "correction" is at hand. 6- So, IMO, Don's day is fast approaching (just pokin' Don <gg>) 7- But I see no LT correction or stagnant market, a la '72-'73 (high inflation), perhaps a 20% maximum downturn, if that much. 8- From there I see a return to a heathy, if not even more robust, market in '00 and beyond! Happy Trading! Regards, MileHigh