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To: Ron Schier who wrote (11148)	5/3/1998 9:57:00 AM
From: Ahda	Respond to of 116763

All Weighing the chances of coin sunday-times.co.uk To much to condense. "Euroland", the 11 countries which will start the final stage of monetary union on January 1, 1999, will have a population of 290m, compared to America's 267m, and 19% of world trade - America has 17%. The Americans, so far, are either blas‚ or unworried about Europe's challenge: President Clinton had his first briefing on the single currency a month ago. On the ball aren't we? Will the euro challenge the dollar? The latter accounts for 70% of global currency reserves, mainly because it is the currency of the world's largest economy: US GDP is œ4.9 trillion. The combined GDP of the 11 euro states is œ3.7 trillion.

To: Ron Schier who wrote (11148)	5/3/1998 10:32:00 PM
From: Wizzer	Read Replies (1) \| Respond to of 116763

Imagine what a minor panic, or bear run will do the stock market, since 60% of US households are in the market. If I started to see the stock market go down, and saw my life savings go down 10%, then I think to sell before it gets worse. The pressure of millions of similar households doing the same thing would..... No wonder the DOW is roaring along, with all that money coming in and invested. No wonder EPS are lower, P/E ratios are higher, and stocks have higher valuations than what their true valuations should be. Reality check is on it's way, just an opinion.