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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Earlie who wrote (25072)	12/11/1997 10:40:00 PM
From: James F. Hopkins	Read Replies (1) \| Respond to of 132070

Hi Earlie, Well going back to a 29 style melt is not to likly, the 87 melt was plenty bad..one you don't hear much about was the 90 melt..it was bad too..percentage wise about 30%..across the board, now that could happen and it will be a bad thing if it does, cause that 30% will not harm the well to do as much as the little guy..and it will take a big chunk of the retirement money in pension funds with it, they will get hit hardest, because they are so poorly managed, and the sharks feel they are fair play. People talk about SS going broke..they don't even look at the retirement funds..the sharks have been skimming them for years, it's a bad joke..but half the money put into the retirment funds is going down a black hole, them hoping the other half will make enough to cover it up before they get caught..it's the scam of all times. Jim

To: Earlie who wrote (25072)	12/12/1997 12:07:00 PM
From: jeffbas	Read Replies (1) \| Respond to of 132070

What excesses can you point to in the real economy (not the stock market) that would justify what you are predicting? Furthermore, as far as the stock market is concerned, most tech stocks (by numbers) are down 25-75% from their highs already. That's a long-in-the-tooth, major correction where I come from - unless we are due for a few times in a century type correction. (I prefer not to invest in the market looking for such infrequent events - I would never own any stocks.)