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To: TokyoMex who wrote (5211)	11/1/1997 1:44:00 PM
From: Mitch	Respond to of 31646

TM His minds made up. Don't confuse him with facts!

To: TokyoMex who wrote (5211)	11/1/1997 3:32:00 PM
From: Jack Zahran	Read Replies (1) \| Respond to of 31646

From latest Barron's Online!: "The influential market strategist from Deutsche Morgan Grenfell" Ed Yardeni makes the following observations regarding the Y2K issue. "His new cautiousness is not without import. In fact, one senses that Yardeni is in the early stages of a paradigm shift after a 15-year bull market that has so enriched investors and burnished his reputation. Worries obtrude where once confidence and sunny optimism prevailed. Perhaps most significant, Yardeni attaches a fairly high probability to a synchronized global recession in the year 2000 that could be as lethal as that of 1973-74. The economic slowdown will be spurred, in part, by year-2000 computer problems , says Yardeni. He has been tracking and putting out reports on these so-called Y2K problems for months, and he claims the economic disruptions and repair costs that loom in the next few years are far greater than most analysts imagine . The operational nightmare the Union Pacific railroad is going through in its inept attempt to integrate its computer system with that of the recently acquired Southern Pacific is just one example of the crippling gridlock that is likely to eventuate from Y2K problems in advanced electronically integrated economies like ours, he says. "Just as the OPEC oil crisis brought the world economy to its knees in the mid-'Seventies, the coming disruption in the flow of information -- the oil of the 'Nineties -- could prove just as crippling to economic activity," Yardeni contends." (Barron's Online Feature for Monday, November 3, 1997) interactive.wsj.com

To: TokyoMex who wrote (5211)	11/1/1997 4:01:00 PM
From: Jack Zahran	Respond to of 31646

Barron's on embedded systems: What does Yardeni see for the future of U.S. stock prices? "The New Era can be a Golden Era again. I see a global economic recovery starting in 2001, led by massive high-tech capital spending to replace computer and embedded-chip systems that failed to be Y2K-compliant," he says. "So a Dow of 15,000 by 2005 is still visible on the horizon. I just expect one hell of a great buying opportunity between now and then." It's a bit unnerving to hear the old Yardeni conviction gone from his rosy forecast. But in light of this strategist's prescience in years past,it's hard to ignore his latest views.