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To: stockman_scott who wrote (8043)	7/7/2002 11:48:56 PM
From: Sig	Respond to of 13815

<<Is the bubble gone?>> Here is one reason I am a bear on the market, bull on some stocks. biz.yahoo.com There was and is a bubble in the banking industry. Wherever you look, bankers, brokers and employees were all going to make 6% or 12% a year- forever, off savers or investors money.They were all bulls and cannot change fast enough. There will be consolidation in the banking industry with the most confirmed bulls buying smaller banks. and because big is good, and the markets will come back, and they can wait ,that long, etc, etc. And if the lost trillions do not come back thru market appreciation , if workers do not get the yearly raises or bonuses to add to the total investments, the trouble will continue to deepen in banking/broker industries. If new money is not added at the bottom of the food chain (by investors), the sharks at higher levels will start to starve and be eating each other. Some techs are on the proper track by downsizing but I havent heard of a bank doing that (yet) And in the US, the Fed does realize (or say they do) that they must keep the money moving by letting individuals keep some to work with. BWDIK. Sig.