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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?

To: ChrisJP who wrote (79587)	6/16/2002 10:56:49 AM
From: Crimson Ghost	Respond to of 99280

What facts? You assert that people will not withdraw much from the funds because they have not as yet done so, and I say they will. Just two different opinions; two differnt forecasts. We will soon find out who is correct. Note that I do not assert this will happen all at once or lead to a crash. But I do see it as still another major long-term bearish influence on US stocks. Simply put US stocks still are a grossly over-owned asset class.

To: ChrisJP who wrote (79587)	6/16/2002 2:50:31 PM
From: DebtBomb	Read Replies (2) \| Respond to of 99280

PAST PROBLEMS OVERCOME The United States has gone through such periods of doubt before, notably during the Vietnam War and again in the late 1970s when a recession and energy crisis prompted then President Jimmy Carter to deliver what became known as his "malaise" speech, declaring that the country was facing a deep crisis of confidence. Two years later, President Ronald Reagan took office, the economy bounced back and the crisis was overcome. But there are two key differences between that period and the current loss of nerve. Thirty years ago, there was no sense of impending physical threat underlying that crisis, the way there is now. And that crisis did not include so many important non-governmental bodies. "The institutions that keep us up and humming, or at least keep us mutually invested in and respectful of one another and our way of life, continue to wobble and groan from their weight of their misconduct," wrote Peggy Noonan, a speechwriter for former President Ronald Reagan, in a recent opinion piece. webcenter.newssearch.netscape.com