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To: Henry Volquardsen who wrote (14011)	7/1/1998 10:49:00 AM
From: John Lacelle	Read Replies (1) \| Respond to of 116767

Henry, I think you nailed it. The US Baboos are thumping the equity market hard with their bucks in order to make up for lost time. There really is no other explanation for the DOW being over 9000 today. It should be at about 3-4000 with a P/E of perhaps 10-12. Oh well. One day we will learn that bidding markets do not make hard assets. -John

To: Henry Volquardsen who wrote (14011)	7/1/1998 10:52:00 AM
From: Ahda	Read Replies (1) \| Respond to of 116767

Henry I think realestate wise age is more apt to be in the mid thirties up where i live . The tax code has improved the conditions for realestate by the 200 thousand deductible every 2 years. This might prove advantageous versus equities. It almost seems like the saving rate being so small relates to the fact there are many lower income folk that are spending all they have to live. Boomers not at all satisfied with 5 some odd percent. Nor are those that are in the top tier income wise. Rich poor being clearly defined perhaps in savings figures.