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Strategies & Market Trends : Investment in Russia and Eastern Europe -- Ignore unavailable to you. Want to Upgrade?

To: Real Man who wrote (233)	6/17/1998 5:00:00 PM
From: Still Rolling	Read Replies (1) \| Respond to of 1301

Vi, Yes, it was a sad story. Showed the risks of trying to average down while the knife is falling. I'm always willing to give up a few points rather than grab it at the bottom, which is why TRF continues to get my attention now. Seems to be firming. Whaddya think? By the way, I think you are too pessimistic about the US market--we have the blue chip capital markets and the increasingly mobile and sophisticated global capital pool is willing to pay a premium to park its money here. Plus look at all the 401-K money kicking in automatically every two weeks. And great demographics. I disagree with your assessment of the mean at 4,000, but that's not to say we may not slide down if P/E's return to historical multiples. But with the long term low inflation scenario, the P/E's will probably stay above the mean. Oh well, who knows!? My wife and I are staying fully invested and battening down the hatches . . Regards, Craig A. Anderson xcitfan@mailexcite.com