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To: Cynic 2005 who wrote (2638)	6/26/1998 12:48:00 PM
From: Joseph G.	Read Replies (1) \| Respond to of 86076

M, the facts first -g- I see that they shoot them one by one, often in groups. I'm talking about country markets, now only W. Europe and US are left, even south, central and east Europe went down 20% or more, LatAm is hurting, Africa is falling, S. Asia is down a lot, Asia pacific is down more than a lot, and still making new lows (particularly including currency). That's close to 1/2 world GDP and 80% of population, who, IMHO, are more likely to drink local beer in order to forget hard life than expensive Coke which has no coke no more. Even in US and W.Europe individual COs. are being shot, and the market narrows tremendously. Some bulls argue that this is the end of a bear market, but in view of the fact that there was no bear market yet, I'd say it's the end of the bull market, just beginning of the bear. When the house of cards will fall apart? Maybe as soon as Clinton leaves China and they devalue Yuan, or maybe another three months? I don't know, but it can be any day now. Sentiment is different now, the stage is set for a massive withdrawals, it appears, based on anecdotal evidence, than many people with sizable positions ($100k or more) are very edgy, and just wait for something to happen or for the market just to stop going up to cash in at least a portion of their stake. Thus the stage is set for a "panic".