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Non-Tech : Bill Wexler's Dog Pound -- Ignore unavailable to you. Want to Upgrade?

To: Bill Wexler who wrote (2731)	8/2/1999 2:29:00 PM
From: JDN	Respond to of 10293

Dear Bill: Well, short term I would agree your outlook is certainly supportable. Frankly, I havent expected much for this year and so far have done better than expected. I can see a pullback of some magnitude but I think by Christmas we will at least be back to these levels. The only way I can see a long term bear market is if some calamity shakes the World and/or inflation raises its head in a big way and the Fed clamps down raising interest rates and pulling in liquidity. The former one can never be sure about and the latter I dont rate as likely. JDN