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To: goldsnow who wrote (38646)	8/8/1999 10:50:00 PM
From: Hawkmoon	Respond to of 116764

Goldsnow, Please... let's get something straight here. I'm not someone who believes that the US markets couldn't stand a correction. In fact, I think we're due for one, accompanied by a rally in the govt bond markets. I just don't quite yet believe that America is heading for the dustbin, like so many other voices out here seem to think. We are still on the top of the heap and no one is quite yet large enough to knock us off without devastating their own economies. Corrections come and go, but the true economic strength of the US goes far beyond its markets. I don't see any major danger of the US markets suffering a 20-25% decline. I don't believe you'll see a major bail-out by investors since most of their money is in in 401ks and IRAs and they can't touch it anyway. The end result is that they will either shuffle it to cash or bonds, and just continue to contribute on their monthly basis as they have been doing for years now. We hear a lot of crap about how little Americans are saving. But those 401ks and IRAs are our savings plan. So if all of this cash from their retirement plans suddenly finds itself being positioned into bonds, would THAT then count as savings?? So correction?? Yes.. quite possible. Collapse?? Very doubtful.