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To: Sig who wrote (163211)	12/15/2000 1:43:49 AM
From: dwdkc	Read Replies (1) \| Respond to of 176387

Re: recession Sure it could happen, but cheer up. Shouldn't last long or go too deep, consider how much the world has changed since the last time 10 years ago. The macro picture is much better: tech innovation is still tremendous, with associated non-inflationary growth potential from productivity gains; the net worldwide trend is still towards more market freedom and lower trade barriers (esp China, India, Latin America); management is better because of increased competition in all of these markets, etc. All of these things should make the global economy and stock markets more resilient. The thing I worry most about is Russia imploding further and the political instability (and terrorist nukes?) from that. Other than loose nukes taking out NYC the market ought to have a good decade.

To: Sig who wrote (163211)	12/15/2000 10:47:03 AM
From: John Koligman	Respond to of 176387

Geez, Sig, you didn't sound like that when I posted to you back in February my thoughts that we needed this <ggg>... You have described it exactly, this is just another one of many cycles. Folks get hurt only if they get too greedy and stay in... As for Detroit, they are already in trouble, Chrysler sold Benz a bill of goods and it will most likely cost Schrempp his job.. GM has warned and is dropping Olds... Problem is Detroit currently structured to make money ONLY if they sell those gas hog SUVs, they lose money on the car biz. Frankly, I'm still drinking coffee and watching, I'd like to see the market go lower. I last said 2500 for the NAS is a reasonable bottom, we shall see... Regards, John