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To: Softechie who wrote (141427)	1/3/2002 12:30:18 AM
From: John	Respond to of 436258

Softechie, I agree, but what will be the catalyst this time? They don't have the relative novelty of the Internet and computers to help conjure up enthusiasm and euphoria this time. Of course, this is somewhat irrelevant, as "they" can move the market to any level in the near term, but longer term, there must be a bonanza of greater fools to perpetuate the process. My point is I do not see anything material that will promulgate enthusiasm and euphoria for quite some time. I'm not witnessing anyone who is excited about the Internet, new computers, or new software. This is a far different environment than from 1995 through March 2000, obviously. A larger, perhaps more important point is this: Was the capitulation event induced by the 9/11 calamity a legitimate, market driven capitulation event? I think not. Too many were still looking up, expecting higher equity prices. Bear markets don't end that way, as I know you are aware. Nor do they end with valuations at record highs, as they are right now. But screw it! I'm sure they will rally this engorged pig to NASD 6000 in short order, and then burn it down again to sub 1000. And the sheep will again buy the top and sell the bottom just like they always do. Who knows? Rant complete. John