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Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?

To: Little Joe who wrote (132422)	3/19/2001 9:45:43 PM
From: ManyMoose	Read Replies (2) \| Respond to of 769670

Seems like there are lots of us old dinosaurs in here. <<You and I are about the same age. >>

To: Little Joe who wrote (132422)	3/20/2001 5:41:33 AM
From: JDN	Read Replies (1) \| Respond to of 769670

Dear Little Joe: Yes, I too have never seen the market fall so fast with the UNDERLYING ECONOMY really not that bad. I suspect this means two things, 1. Stock valuations were in a BUBBLE (which I had also never seen before to such a magnitude) and 2. the market has very likely OVER REACTED to the downsizing of valuations. IMHO markets often take swings up and down before stabilizing at the right value. I suspect this one will slowly rise recouping probably 1/2 the drop we have suffered by year end and from there likely return to its normal increases of maybe 12-15% thereafter. JDN