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To: stan_hughes who wrote (357454)	2/13/2008 12:09:55 PM
From: LTK007	Read Replies (2) \| Respond to of 436258

Imagine it took 13 years for Japan Nikkei to reach its bottom, 13 years. But conjecture there is a huge difference to me ,however, between our situation and Japan's as the japanese public fled the stock market and saved and saved, only 8% of Japanese were in the stock market going into the year 2000. i have written numerous times, and that is by having 54% of U.S. households in the market, never in history had a public been in greater in danger. Previous to 1990s the highest % of american households in market was 20%, and that was in 1929. The stock market was not now nor ever was meant to be a way to support a social system. Rogers, on the chinese stock market bubble says keep in mind it is only a small percentage of the public involved, i could crash but China's economy would remain intact. We now have 1000% more of households in market than in the 1970s. Why have we broken with all history and entangled the public in the stock market?? That is an ugly story itself, imo. Chandler's classic "The Devil Takes The Hindmost" touches on it. But this is getting yadayada, so i stop now:) Plus optimism isn't my forte:) Max ***************************************************** p.s. i read about all the solutions to the mess we are in but , however, i see a stock market/mutual fund industry that has invaded virtually every aspect of our society over the past 20 years, and did this as we created the most relentlessly consuming society in world history, a country that has made itself a welfare state to other countries, because having created the monster of a gulping gluttonous society that must have relentless growth, relentless consumption , we have entered into a trap and of the solultions that are given, not one has impressed me. Why? Because the problem we have created has never before existed in history. And i am prepared to prove that point but hope no one asks as i would need write book and i don't want to that--no way:) Max Yeh, those Laser Guillotines you spoke of may indeed be needed to give a modern angle to the revolution, o my, how one does need and will need the blackly comic to endure the future that seems to be beckoning with a skeletal finger--o my! i need watch some Monty Python re-runs post-haste, and have a laugh:)Max