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To: GST who wrote (144085)	7/24/2002 1:01:13 AM
From: Gary Walker	Read Replies (1) \| Respond to of 164684

>>There are millions of them out there asking themselves the same question. When they decide to push the panic button the 401ker's will be right behind them. Then the nasty action begins. Can the gov. get this mess straightened out or was the market's crash inevitable because of the bubble? I've studied the Japanese disaster of the last 12 years and am scared to death we are headed in the same direction. The Japanese market dropped from 40k to 10k over several years. It hurt their economy big time. The negative wealth effect hurts consumer and business spending. Can the US fight terrorism and all these economic problems as well? Look at the cost to fight terrorism. The fed is inflating the money supply something fierce. When will that come back to haunt us? I learned to invest during the great bear market of the 74 and 75. It was not pretty. We had stagflation, deteriorating competitiveness, and just plain rotten equity markets. Gold was the place to make money, for a while. The current situation smells panicky to me. I'm with GST on the approach here, careful slow buying after a couple/several more months of painfully lower stock prices. After 10/?/02....once we're past the nasty memories of 1929. That could be the time to buy.