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To: ViperChick Secret Agent 006.9 who wrote (32718)	1/9/1998 8:20:00 PM
From: Patrick Slevin	Respond to of 58727

Tried to reply to my self but it just asked if I wanted to edit my post and this is a different post so I had to reply to you, my friend. The story is...to my way of thinking...that we shall continue down until as late as perhaps June. For the next 20 or so years after that the US market will be the only place to invest your money. I sat at a pub tonight with Lehman people, Salomon people; they are all investing in Asia. They are absolutely brainwashed by the same crap the analysts have been putting out for months. What have they been putting out? They have been saying earnings will rise, Asia is full of consumers that have to buy product.. They are not serious. If they were, they would not be downgrading everything now....as I said they would back in November, perhaps October. Regardless of what the media tells you, I suggest you look with a jaundiced opinion as to whether or not the markets are not engaging in distribution as opposed to accumulation in the near term.