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To: Les H who wrote (239)	8/15/1999 5:36:00 PM
From: Richnorth	Respond to of 538

Thanks again for posting a timely and an eye-opening article! I agree fully with the sentiments expressed. But, to be sure, this market is being manipulated big time! I get the feeling that since next year is election year and Alan Greenspan would like his record to look good, the Clinton gang will do its utmost to engineer a "soft-landing", if at all possible! Don't forget that the Feds have a so-called "Plunge-Protection Team"!!! that may come up with some stunning acts of wizardry! Dr. Ravi Batra (author of "Crash of the Millennium") believes there is too much "Crony Capitalism" going on and that the big crash is likely to occur either late this year or early next year. But, because next year is the presidential election year, I think that if a crash were to occur, it is more likely to happen this year! I guess it is time to keep one's powder dry for the time being, eh? But I am sure many will disagree for fear of missing an opportunity or two to recoup on some losses.

To: Les H who wrote (239)	8/15/1999 6:00:00 PM
From: KLP	Read Replies (3) \| Respond to of 538

Regarding articles by Pierre Belec...... Think you will want to note my GNET post a week ago(see below) about this man.....and just a few notes from SOME of the articles he has written over the past 3 years... Don't know if he is right, or wrong....but I think that it would be wise for all of us to note prior work of ANY so called financial author....Everyone seems to have an agenda these days....I think it is part of our DD to check out what those agenda's are...and WHY....BE SURE to note the dates of these articles..... KLP SI: StockTalk: Web/Information Stocks: Go2Net (GNET): A go? To: White Shoes who started this subject From: KLP Saturday, Aug 7 1999 6:25PM ET Reply # of 11228 GNET'ers..An article posted on the SI Financial pages concerned me, so I decided to do some research on the author. This article is headlined on the Front Page of SI..Today August 7, 1999 Is A Big Market Sell-Off Coming? By Pierre Belec Aug 7 2:55pm ET I looked up other articles by Pierre Belec (in of course Metacrawler) I think you will find it worthwhile to do this exercise yourself. Then, because of some of the things found, I decided to put into Metacrawler ....BEAR MARKET Belec .... Think you will also be interested in some of these articles..Some of the articles are extensive, but I have just noted the first few sentences of each (note the dates....) Seems interesting that these articles seem to come about this time of year from this gentleman. I wonder if this is a normal happening every fall (looking back in history)? ..OR if this type of article happens every fall, August or so....Would this type of article, and thinking have the power to actually change markets?? Would be interested in feedback and comments.. KLP ****** Is A Big Market Sell-Off Coming? By Pierre Belec Aug 7 2:55pm ET NEW YORK (Reuters) - The market is incredibly overpriced and Federal Reserve Chairman Alan Greenspan stands ready to knock the legs out from under the longest-running bull market. But Wall Street bulls say stocks are not in a crash mode. ``Stay bullish, if you can take the risk,' the experts say. Experts Say It May Be Time To Rack Up on Stocks By Pierre Belec - Reuters 10.44 a.m. ET (1444 GMT) September 13, 1998 PIERRE BELEC: Is there a boom-bust scenario for this economy? 8/1/98 Wall St. flight to safety may turn to insanity By Pierre Belec NEW YORK (Reuters) - Wall Street has been riding a fabulous bull market with the economic chaos in Asia bringing a flood of capital to U.S. stocks. But the market now seems to be priced out of this world and there's fear the flight to safety may prove to be a flight to insanity. Stocks have been rocketing for 3-1/2 years, thanks to double digit gains in U.S. corporate earnings. In the last six months, the market got an extra boost from the Asian crisis, which attracted boatloads of foreign 5/10/98 Are stocks poised to flame out? By Pierre Belec NEW YORK (Reuters) - The smallest increase in corporate profits since 1991 was not exactly a crowd pleaser on Wall Street, and now investors are wondering if the stock market will be the next one to flame out. For the first time in seven years, investors are facing an unfamiliar problem -- earnings may not be a source of inspiration for the hardy bull market. NEW YORK (September 12, 1997 3:39 p.m. EDT) - A boom-bust economic cycle. It's enough to keep investors awake at night. For Wall Street, an economy that flips from a boom to a bust is a nightmarish situation, which happens when the Federal Reserve steps in to stamp out an over-heating economy that threatens to fan the inflation flames. It could happen, again, because in a growing economy, inflation has nowhere to go but up.