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To: yard_man who wrote (2580)	6/25/1998 11:06:00 AM
From: Mike M2	Read Replies (1) \| Respond to of 86076

Tippet, i have moved from my cave to a bunker deep underground -it is the only safe place for a bear. It is strange how the fed was reluctant to raise rates when they had the chance but did not want to hurt the economy. I would argue that the inevitable collapse of this Ponzi scheme called the stock mkt will do far more damage than any recession could. Bob Rubin's Wall St buddies are getting rich at the public's expense. The public does not yet realize they are in the slaughterhouse stockyard. I never would have guessed this mkt could rally in the face of all the earnings warnings and the earnings disappointments that have yet to be announced but i have to remind myself fundamentals do not matter -for now. Mike