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To: Michel Bera who wrote (2251)	11/12/1997 4:29:00 PM
From: MulhollandDrive	Respond to of 93625

Michel, No Big Bear Market yet, the near term trend is still down, but, unless we see massive selling from Pacific Rim nations (always a possibility, Japan is teetering right now) I expect to see the bull to continue to run. Still snorting and stomping in it's stall.... We also have some sensitive political issues that need to be addressed, Iraq, Clinton's current vulnerabilities, trade....these factors are definitely on the radar screen and we would all be wise to keep a careful watch. Fundamentally, I believe the US economy is stable and will continue to be a safe harbor for foreign investment. bp