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To: fut_trade who wrote (81925)	1/1/2000 4:05:00 PM
From: KyrosL	Read Replies (2) \| Respond to of 86076

I too expect a slowdown, if not a recession, sometime next year and a deflation of the tech/IPO/intenet stock market bubble -- but I think value stocks will do well. So, if corporate profits drop by 50% (a devastating drop by any measure), the debt service cost of US corporations as a percent of profits will be back where it was in 1990. Bad, but certainly not a disaster. Finally, I think that inflation fighting increases of the discount rate by the Fed, and a consequent slowdown of the economy, will cause a drop in the long bond interest rate, not an increase as some here expect. So, interest sensitive stocks are a good value here.