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To: Lucretius who wrote (21123)	9/23/2000 1:44:13 PM
From: Efthymios H. Zacharias	Read Replies (3) \| Respond to of 436258

<<But there will be no talk of crisis, no discussion of acute financial fragility. From Washington will come more New Era propaganda and, undoubtedly, the infamous adage “underlying fundamentals of our economy are sound” at any serious bending in market confidence. And throughout Wall Street, the phrase “company specific” will play like the proverbial broken record. But such propaganda is blatantly detached from a reality fraught with great uncertainty and extreme financial risk. The feeling that we have passed a momentous inflection point is almost palpable. Yet, as so many things fall increasingly into a state of flux, the facade of a sound and stable prosperity is coveted and protected with more intensity than ever. All the same, be fully prepared going forward for extraordinary financial turbulence and considerable confusion. The bottom line remains that there exists a historic gap between the unfathomable financial wealth created during this great credit bubble and actual underlying economic wealth creating capacity. True wealth cannot be created by printing up securities or by electronic entries. Nor is true wealth determined by a stock’s point of last sale. This gap will be closed; immense perceived wealth will disappear. >> Noland sure sounds confident this week. prudentbear.com