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To: Jim McMannis who wrote (79684)	5/8/2002 8:46:20 AM
From: Dan3	Read Replies (1) \| Respond to of 275872

Re: No...here's a classic chart. Yes, that is a classic. Keep in mind that from 1929 forward the Treasury department Kept Tightening the money supply and the executive and legislative branches cooperated to shift fiscal policy to a budget surplus - you won't see that, this time around! We haven't learned much since then, but we've learned something. Of course, Bush's policy of cutting taxes for the wealthiest couple percent of the population while raising taxes on the remaining 95% or so is sucking the life out of the economy. Social security, medicare, sales, state/local income, excise, and property taxes make up the bulk of tax collections, and they have become a burden on the middle class that's squeezing the economy. The cap on social security and medicare taxes should be removed, which would allow the rate to be drastically reduced. Self occupancy rent payments should be deductible, just as self occupancy mortgage interest is. That would put some spending power back into the hands of people who would spend the money on something other than italian yachts and 4th or 5th vacation houses.

To: Jim McMannis who wrote (79684)	5/8/2002 10:49:04 AM
From: Road Walker	Read Replies (1) \| Respond to of 275872

Jim, That was a very nice chart comparison. Now you might want to look at this chart: stockcharts.com The end point on your 10 year DJIA chart is where that blue line starts going up and to the right. John

To: Jim McMannis who wrote (79684)	5/8/2002 11:26:35 AM
From: tejek	Read Replies (1) \| Respond to of 275872

No...here's a classic chart. bullsorbears.com Compare that to this. bigcharts.marketwatch.com. Look familiar? (both are 10 year charts) Whoa!! Let's compare apples to apples; after all a bubble in the Naz is not nearly the same as a bubble in the Dow. Here's a current ten year chart for the Dow: bigcharts.marketwatch.com There's a big difference. The bubble in the Naz has been punctured.......there may be some residual hangover but the worse is over. Your cassandra view applies only if the Dow is a bubble as well. ted