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Strategies & Market Trends : Group Therapy -- Ignore unavailable to you. Want to Upgrade?

To: Duane L. Olson who wrote (947)	3/23/2000 1:11:00 PM
From: J_W	Read Replies (1) \| Respond to of 4564

Duane, Never thought I would see bowling on CNBC but it is coming up around 10:40 PT this morning. Being an avid bowler for some 38 years, I have known about the purchase of the PBA by three locals (in Seattle) for some time now. Could not resist sending in some very pertinent questions for them to CNBC. Hope they get aired. Jim

To: Duane L. Olson who wrote (947)	3/23/2000 9:33:00 PM
From: country boy	Read Replies (1) \| Respond to of 4564

Hey Duane: The analyst at Morgan was bearish over the interest rate environment, as well as liquidity problems; similar to another news letter I just read, Gary North's Remnant Review. He talks about the current Market Mania and how all manias go bust, points like over-extended stocks, stock options as currency creating Supermoney, M2 decreasing compared to total market cap (running out of money), extreme margin levels (margin debt at 229 billion, 2.4%GDP and up 3.3 times since 1995), inverted bond yield curve signaling recession, etc. Of course, such things have been toted by bears for 4 years now; the Barton Biggs doom and gloom. Remember the last bad market year, '94? Seems like ancient history. And there seem to be just as many pundits calling for Dow 12,000 by year end. As for me, I feel like a surfer; I'm out there on my board, watching and waiting for the good waves. Somebody down the beach is yelling, shark, but I'm not coming in. I get dunked now and then, but mostly I have clean rides. Where would I put new money? Four days ago I had plenty of ideas; now all my stocks have hit their targets and I've lightened up considerably. Just holding my board waiting on a wave... cb