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To: Sig who wrote (13196)	7/21/2004 6:06:36 PM
From: im a survivor	Read Replies (1) \| Respond to of 13815

Well, I've got 50% to invest, but certainly am in no hurry to buy, although a few are getting to the point where I may add a tad and be ready to add more if they drop further...quite a few are getting very interesting now with some 52 week lows hitting some solid companies.....but again, in no hurry....

To: Sig who wrote (13196)	7/22/2004 1:59:15 AM
From: pbull	Read Replies (2) \| Respond to of 13815

Yes, the public has run out of money to invest. Wage deflation for one. And insurance premiums (house, car, malpractice, you name it) are driving even doctors out of business. For those with short memories, yes, insurance premiums go up during wartime. But that's not what is ailing the market. The big picture is the Fed taking the economy off of life-support. The era of free money is ending. Fed fund futures are at 3 percent late next year. Every construction project ever conceived (seemingly) has now been financed. I can't think of any industry where there would be pent-up demand. And we have to get our fiscal house in order, regardless of who wins the election. Government spending, these enormous deficits, will be brought under control. The markets will see to that. I'm not as bearish as some. There will be opportunities over the next 2 years, but most will be value-oriented (companies emerging from bankruptcy) instead of growth oriented. Take a look at that 500% gain for Kmart holders. Stuff like that. That's what I envision. PB