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To: Rock_nj who wrote (59261)	5/5/2002 12:45:33 PM
From: John Chen	Respond to of 77400

Roc_nj,re:"Bottom?". It's difficult to see that until all companies do a '2 to 5 reverse split'. When ML is advertizing 'fix-security (they say people don't like the word 'bond' in the ad), some serious damage has already been done. For some who thought they were going to retire, here is the double whamy: Gov will have to move back the benefit starts couple of years. Get a job and/or 2nd job because 'NO INFLATION' is for low-life-inflation-index, I assume you have been receiving bills with larger increase than the 'inflation-index'.

To: Rock_nj who wrote (59261)	5/5/2002 1:01:03 PM
From: RetiredNow	Read Replies (1) \| Respond to of 77400

I'd agree with you except for one thing, markets regress to the mean over time. Currently, the mean PE is still way lower than current market levels for all the major indices. So although it looks like we've fallen hard, the truth is we haven't fallen far enough to get back to the mean. Why do you think gold, real estate, and timber stocks are doing great, while the dollar is in imminent danger of crashing? The market is broadcasting to us that corporate profits from the big players don't justify what they are valued at today. We're just seeing an orderly retreat. This year, small cap value, real estate, gold, other hard assets, and bonds will yet again beat their large cap brethren. Like I said before, you just have to be lucky enough to know where to be to make money. Either that or be smart get diversified.