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To: mauser96 who wrote (37953)	10/28/1997 8:41:00 AM
From: mike gubser	Read Replies (1) \| Respond to of 186894

s+p limit down again , minus 15 bucks europe at around -8% for a few hours jumped in the cold water and bought some cheap intc at 73$ intc now at 72.75$

To: mauser96 who wrote (37953)	10/28/1997 8:55:00 AM
From: Boplicity	Read Replies (3) \| Respond to of 186894

Lucius Re: especially because it is coming in a period of low interest rates and a healthy profit picture. Not at all like 1993 or even 1987. Don't you see that this is might be a problem. Back in 1993 and 1987, the economy and corporate earnings were not as good as today, there was room for improvement. Could this be as good as it gets? Greg

To: mauser96 who wrote (37953)	10/28/1997 9:06:00 AM
From: Road Walker	Read Replies (1) \| Respond to of 186894

Lucius, Agree that this is healthy, several months ago when analyst started saying the economy was "perfect", you knew this would have to happen. Just some thoughts on the future. Assuming this sell off continues, 6300 (+/- 150) on the DOW looks like a realistic place to end up. This would puts us near the April lows and the level where we started the year. It would also give the market a reasonable historic valuation for a GOOD economy going forward. The bad news is that the Nasdaq would have to tumble another 300 points to reach the same April lows, but would probably bounce up to the level at the start of the year. Just a scenario, this is a reckless time to make predictions. But I think post correction/bear market, we will return to the average 10% appreciation that the stock market has averaged in the past, with good companies peforming above and bad companies performing below. I don't think we will see a big post crash run up as we saw in 1987. Some thoughts on what MIGHT happen. John