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To: Oeconomicus who wrote (132593)	10/5/2001 10:57:55 AM
From: GST	Respond to of 164684

"Lastly, it is important to remember that unemployment is usually a lagging indicator. It will peak after the economy bottoms." Ya sure, but where is the bottom and the peak? Nothing suggests it is here. When was the last time you had 1) A bubble. 2) A global recession. 3) Serious risks of global terrorism... As Buffet said -- a deep and extended recession is in the cards. The market has priced in something far more optimistic. And you seem to be buying into it -- at least that is how it looks.