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To: sea_biscuit who wrote (21868)	4/12/2000 2:24:00 PM
From: Tony Viola	Read Replies (3) \| Respond to of 25814

Dipy, > >>For the life of me I do not see how on earth anyone can feel insecure right now with the continuing boom in the economy...<< Addi, if you studied history, you would know that they were saying the EXACT same thing in January 1973. The ensuing bear market took the averages down by 45%. Individual stock "darlings" lost as much as 75% to 90%. Big difference, 1973 to today, though. Financial conditions were horrible then (or horrible was just around the corner). Money was extremely tight, e.g., I had to put down 30% to buy a house. My mortgage rate was about 14%. Unemployment was very high, and inflation was high teens, as I recall. How does that compare to today's conditions at all? I don't think any of that is around the corner. Unfortunately, the first big tech to come out with earnings and guidance going forward was not so good (MOT, guidance). Any excuse will work these days to trash the techs. Question is, can the other tech leaders put it back together with good news: Sun tomorrow, IBM and Intel next Tuesday, Microsoft next Thursday. Tony

To: sea_biscuit who wrote (21868)	4/12/2000 7:00:00 PM
From: uu	Read Replies (1) \| Respond to of 25814

Dipy: I know you have heard this before , BUT we are not in 1973 but rather year 2000. When it comes to the economy you can not possibly compare the 2000 economy to 1973 economy. Take my word for what its worth (and hopefully soon you see what I mean) but things are different this time for the better. We are at peace with an economy that is totally based on technology with high degree of productivity. The idiotic sell off of high tech stocks will soon and inevitably be replaced with logical rush to buy mentality. Bear markets may still be out there, but not today, not now. Regards,