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To: Abner Hosmer who wrote (3448)	11/23/1997 4:02:00 PM
From: CIMA	Read Replies (1) \| Respond to of 116814

Please don't do to this thread what you've been doing to the GOLD-XAU thread. Tom, why don't you start another thread devoted to this topic, let us know where it is, and we'll debate there.

To: Abner Hosmer who wrote (3448)	11/23/1997 4:37:00 PM
From: Bobby Yellin	Read Replies (1) \| Respond to of 116814

Hi Tom: I guess everybody is reading your post in a different way. I think it was quite relevant to this thread because *The market is psychology and perception...You are making me think that you are hearing the same things I am hearing in a different part of the country..and that possibly it is happening throughout the US where working people, even in high tech,are scared of their welfare unlike any other time I can remember... supposedly in the big depression wasn't everybody almost in the same boat..now it appears that it is just the former middle class who feels like their boat is fragile... That to me spells big instability coming ahead...if people are acting out of fear..panics can really set in...If so many are putting their retirement funds in equities and are afraid there are no safety nets..when the stampede out of stocks starts...hard assets will go ballistic..even in reading some of these posts..some Canadians are worried about how to preserve their capital if their currency gets hit..(I don't think the USA will let that happen..it will totally do funny stuff to their Southern neighbor and possibly call out the beginnings of protectionism etc..) I don't think your post is asserting that the US is the greatest.. gee "Social welfare spending does not go to the middle class in the U.S., as it does in Europe and elsewhere"....if people outside the states read that comment..they might even start feeling some sympathy for the US worker..(a friend told me about the French system and boy did I drool..what peace of mind the average worker must have there) The market is psychology and perception*...People can quote all the proganda being put out by politicos...but your comments help determine what are the true underpinnings of the economy and the market.. Thanks a lot.. Bobby (I guess I view the USA as a nation of immigrants..except for the Indians...I heard or read that 2,000,000 high tech jobs have been created and I am certain so many have come from first generation immigrants who have been funded from offshore families.)

To: Abner Hosmer who wrote (3448)	11/23/1997 4:50:00 PM
From: philv	Respond to of 116814

Thomas: I had to re-read my post to see what I said to get you so exercised. You took my comments regarding the fabulous success of Wall Street and implied that I was referring to Americans in general. Re-read my post. I said "things must be terrific, confident and perhaps right now a little arrogant too on Wall Street". How do you go from that statement which is self evident for anyone watching the Financial News on CNN etc. to your comment "perception that the arrogant Americans are strutting around New York, living like Kings, spending their asses off" etc. etc. etc. I did not say or imply any such thing, and apologize if anyone read that into my post. Maybe there is something wrong with me, and I will think hard about what I said and wrote. But at the moment, I just don't get it. If I have to worry about each and every word which could perhaps be taken out of context or have some secondary meaning to the reader who is perhaps having a bad day or, being consumed with another issue, is blinded to the intended meaning.......well, it is not worth it, is it? I thought this thread was about a friendly, free flow and exchange of ideas! Regards: Phil