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To: notbullnorbear who wrote (42605)	3/30/2001 6:26:10 PM
From: David Howe	Read Replies (1) \| Respond to of 64865

<< What will bring back liquidity is a rational cost structure >> The Dow PE stands at 20. The previous post of a dooms day scenario indicated that bear markets typically bottom out with a Dow PE of around 14. With interest rates low by historical standards, productivity high and inflation low, how is it that you think the "cost structure" is so irrational. What's so horrible that would cause the markets to completely collapse given today's market valuations? The bears (shorts) on the boards today are as fanatically bearish as many of the bulls were back in late 1999. The nutty bulls were wrong back then, and dooms day bears are wrong now. We might go to Nasdaq 1400 and Dow 7000, but we're not going to see the end of America or the end of the banking system or gold as the only safe haven, or Martians taking over the world, or whatever disaster scenario you guys have dreamt up lately. IMO, Dave

To: notbullnorbear who wrote (42605)	3/31/2001 6:06:19 AM
From: JDN	Read Replies (1) \| Respond to of 64865

Dear notbullnorbear: I never said it was because they were afraid of taxes. I said it was because the were shell shocked, demoralized etc etc and it indicates to me SHOCK treatment is necessary to end this malaise. Remember, if you are on S.I. posting you probably have more information then 98% of people investing. You probably have a more expansive understanding of what is going on. But, you are not the average joe. The average joe is like my wife, money goes into her 401k plan every month. She has no idea what happens to it, no idea what the current DOW is OTHER THAN ITS BAD and really doesnt want to know. BUT, if she feels that things are bad she very well might just say PUT MY MONEY in a money market fund rather than a Fidelity fund. JDN