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To: Rob S. who wrote (78685)	9/27/1999 8:07:00 AM
From: John Chen	Read Replies (1) \| Respond to of 164687

Rob S.re:"No compelling story". WRONG, again. "New economy" ring a bell? How about 'making money in business not important' vs. 'making money in stock'? Do you really care? Money is money, you make it whichever way you can. WS is about money. Nothing else. Is that enough reason to make stock go higher, sound right to me. ML probably finding it hard to sell 'individual net stocks' since majority of these IPOs just, well, you know. So a blind-fund make sense. No-inflation!!!. Someguy bought some 'apartment property' with a 20+% primium on market price. Wonder if they would hold the rent and just buy the property for fun. I talk with a Japanese engineer, suggesting why don't people sell the house(condo) and move out of Tokyo, he said, who can afford to sell. WOW, how many years now!!! I am amazed that I hear some reporting about 'G7 or Summers' ask/require Japan to find someway to "INFLAT" the economy. That must be the 'NEW ECONOMY'. Well, WS...WS, bull becomes beast and they can't control it and have to keep it going or they will lose jobs. No compelling story!!! We ain't see nothing yet.