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

To: Mike M2 who wrote (14177)	2/16/1998 3:38:00 PM
From: MythMan	Read Replies (1) \| Respond to of 18056

>>Here is a list of market declines which the spoiled baby brats-g- have never endured.<< Mike, Your statements may be snooze city, but at least get your facts straight <g>. The last five declines are all within the baby boomer window. Especially the last three. Its you gen-x slackers who've never experienced 1)a friggin correction 2)a recession or 3)a real job who are in for a rude awakening <g> You're just bitter because you've been in cash the last 5 years <g> Pete ps 1929 bears (pun) no resemblance to today either in the US or the rest of the world. Any big decline will be due to different circumstances. Get real dude <g>

To: Mike M2 who wrote (14177)	2/16/1998 4:35:00 PM
From: Defrocked	Read Replies (3) \| Respond to of 18056

Mike, Pete's citation contains many points that should reinforce your extreme <g> position.(Bold mine) (1) Markets-never-go-down euphoria: "The whole market is being led by the banks," said one dealer. "Some of these stocks are looking expensive but no one wants to sell and there is only one way they are going." (2) Yeah, Friday, up +.5 ,was confidence inspiring: Dealers said the negative influence of further weakness in Asian markets had been canceled out by strong bonds and a firm Dow close, leaving the DAX to drift aimlessly. (3) Bubble trading, again, based on action of others, not cashflow: "It has been an exceptionally quiet day and there has been no real direction to the market," one dealer said. "We will have to wait for Wall Street to return tomorrow." (4) Finally,(not in article) Western hemisphere markets that did trade today: Mexico -.5%, Brazil -1.5%, Argentina -.2%, Canada +.2% (What do the Canadians know anyway?<g>) Just goes to show that there is a cloud for every silver lining <g>