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To: Crimson Ghost who wrote (15364)	8/5/1998 3:51:00 PM
From: Bobby Yellin	Read Replies (1) \| Respond to of 116764

Hi---still think this is just a correction..and the market will go higher...think the governments of the world know that Japan has to recover or else..bad news for the total world.. so many scared baby boomers worried about retirement..five percent money markets aren't going to do it for them..basically fear not greed is what I think is driving the stock market.. this correction to me suggests that the market has a lot of life left in it..who knows.. guessing that big money is waiting for some signs of tax reforms etc in Japan and then money will start flowing over there and away from here..again just guessing still optimistic..this correction was long overdue.. I have been reading about a few strikes here and there suggesting a bit of wage inflation but at same time still reading about layoffs and fear competition from abroad..so can't see wage inflation yet..if wages do increase it will continue to insure spending among consumers which I think has been late in game anyways.. commodities can go up a lot with no fear of inflation..we are basically a service economy and I think commodities only account for 15 percent of prices just guessing just guessing just guessing..but relieved about this correction.. re Year2000 ...wild card..big wild card