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To: Crimson Ghost who wrote (10039)	4/16/1998 5:51:00 PM
From: James F. Hopkins	Read Replies (1) \| Respond to of 116796

George ; You got it almost right... RE> The bear will not end until the "buy the dips" mantra has been totally discredited. <<< -------------- Just say the BULL will not end till "buy the dips" ends..and all the bears go broke shorting the market..yep when them Bears (shorts) run out of money to toss away buying back what they sold that they didn't own then we my get a nice correction..it's ironic that it's the die hard bears who don't buy the dips..nope they buy the spikes...then that money they lose has to find a place to park ..so it goes right back into the market and grins at them, till they cant stand it and short again..we got about a third of the sales being made to bears who keep tossing money at the market and it feeds on that as much as anything else. It can't go down till most of them get to broke to short.. Last I looked the Bears were mostly on margin so it may not be to long before they are forced to give up..the buy the dips people have record amounts of cash in short term Money Markets. Jim

To: Crimson Ghost who wrote (10039)	4/16/1998 6:23:00 PM
From: PaulM	Read Replies (2) \| Respond to of 116796

"We had enormous productivity increases in the 1920's also." Actually, productivity grew in 1996 and 1997 at about 1.8%. Otherwise, it grew at an anemic 1% during the balance of ths 17 year bull market/pc revolution. That compares with nearly 3% increases consistently throughout the 50's and 60's. economics.sbs.ohio-state.edu There is a very legitimate debate about whether computers have added to productivity at all. "No matter how good the fundamentals are markets way over discount them in mania's..." Took the words out of my mouth. And...no matter how bad the fundamentals get in the coming downturn, the market will manage to undervalue them....