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Pastimes : Ask Mohan about the Market -- Ignore unavailable to you. Want to Upgrade?

To: Joan Osland Graffius who wrote (11449)	12/14/1997 3:13:00 PM
From: Mike M2	Respond to of 18056

Joan, AG may be able to delay the inevitable but the dam has many cracks and it will break. 1998 should be the year of the bear and gold should do well but don't ask me where the bottom is on gold I don't know but we get closer everyday. Mike

To: Joan Osland Graffius who wrote (11449)	12/14/1997 3:22:00 PM
From: Zeev Hed	Read Replies (1) \| Respond to of 18056

Joan, I think that AG is one of the better financial engineers we have had for some time, and I am betting he indeed can engineer a soft landing. In my book, a soft landing will be no real recession next year just slowing down of the growth rate of the GDP to an average of 1.5% for the year (vs the torrential 3.6% or so we are having now). Yet, I feel the market is going to predict yet another recession that will not happen by getting us a short but painful bear market (25% from top is a bear market , is it not?). I do not think we will get two consecutive negative growth in GDP, which is usually the halmark of a recession. Zeev