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To: craig crawford who wrote (128325)	7/14/2001 2:39:33 PM
From: Sarmad Y. Hermiz	Read Replies (1) \| Respond to of 164684

>> the economy slowly bottoms out and begins to make mild progress As long as oil, gas, rates and imports are priced low (to keep the Fed from raising rates), the economy will recover. --------- >> yet many stocks don't appreciate simply because the multiples are compressing to more historic norms. I think this is more complex. I am assuming that some companies will not survive. So when demand does recover, the survivors will experience a significant improvement in revenues and profits. I concede there might be a period of "fire-sale" in some products as a last gasp by dying companies. That might be a very good time to buy stocks. Of course at that time the bears will plausibly say the economy is falling off a cliff, etc... and that people should SELL EVERYTHING RIGHT NOW!!!!! I very much hope that they succeed in stampeding the idiots off the cliff and I plan on buying from them.