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To: Andrew G. who wrote (96170)	4/19/2001 12:42:25 AM
From: LLCF	Respond to of 436258

<Mark my words, NO BUBBLE BURST IN USA. If I'm wrong I'll be first to admit.> What will have to happen for you to admit?? Just curious, IMO the bubble already burst, this is an obvious bear market rip roaring spike. <The stock market is not the economy. And the 20% rich still have 80% of the assets. They will not go poor.> What does THAT have to do with anything?? <They may milk the poor to regain lost wealth but they will not go poor.> Again, what does that have to do with anything one... two, why would that preclude a bubble burst or anything else? three, what are you talking about?? Stock holders would make their money back by corperations profit margins on the back of the poor? I think you're dreaming, bwtfdik. DAK

To: Andrew G. who wrote (96170)	4/19/2001 11:22:47 AM
From: Mike M2	Read Replies (1) \| Respond to of 436258

Andrew, there are too many variables and psychological factors at play to predict precisely - watch the US $ . My guess is many will learn the meaning of tough love by years end. Sir Isaac Newton was caught up in the South Sea bubble speculative orgy and is reputed to have said ( after major losses) " I can calculate the movement of the stars but I cannot calculate the madness of men." A relevant quote from John Kenneth Galbraith " As already so often emphasized, the collapse in the stock market in the autumn of 1929 was implicit in the speculation that went before. The only question concerning that speculation was how long it would last. Sometime sooner or later, confidence in the short -run reality of increasing stock values would weaken. When this happened, some people would sell, and this would destroy the reality of increasing values. Holding for an increase would be meaningless; the new reality would now become falling prices. There would be a rush to sell, pellmell, to unload. This was the way past speculative orgies had ended . It was the way the end came in 1929. It is the way speculation will end in the future. " JKG " The Great Crash, 1929 p.174 Each person has a different threshold for tough love -sooner or later many will hit the sell button. Mike