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To: GST who wrote (130871)	9/2/2001 11:32:07 PM
From: Bill Harmond	Read Replies (1) \| Respond to of 164684

Whatever

To: GST who wrote (130871)	9/4/2001 5:13:45 PM
From: craig crawford	Read Replies (2) \| Respond to of 164684

>> The war in Vietnam and the twin oil shocks all combined to produce a period of high inflation and low productivity growth -- a bad situation for stocks. << just to clarify, the oil shocks didn't cause the inflation per se, but were one result of it. >> In August of 1982 the market was pretty much washed out and ready for the bull that we rode until last year << the bull suckers tend to ignore facts such as single digit pe's, stocks trading below book value, the dow trading at around 80 inflation adjusted (only twice the depression low 50 years later), etc. stocks were truly cheap back in 1982 and a whole host of factors lined up to cause a bull market. none of that is the case today, yet some fools try to equate a rough time in the markets these days to some kind of similar sentiment bottom like in 1982. fools and their money are soon to part ways...