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To: PaulM who wrote (15387)	8/5/1998 9:00:00 PM
From: bobby beara	Read Replies (1) \| Respond to of 116764

>>>>These folks are well intentioned and probably see themselves as acting in the public interest. Unfortunately, they are trying to control something they cannot.<<<<< OOOOOOh yes! The economy ebbs and flows just like the tides and when you put up a dike with a paper wall, even Alan Greenspan's finger won't hold back the tide of history. bb

To: PaulM who wrote (15387)	8/6/1998 12:06:00 AM
From: Lalit Jain	Read Replies (1) \| Respond to of 116764

Paul, Abby Cohen may have stabilized the market in the short run, and the DOW may infact labour to regain the lost ground during the last couple of weeks, but what happens after that? Upon Abby's advice the naive investor will scrounge around for every dollar from the piggy bank, line of credits, credit cards, etc. etc. and invest. So what happens ? Dow goes back to 9300. But there is no one left to buy! Shades of 1929 ? Not so says Mr. Greenspan! - The government of US will never allow a repeat of 1929! The government will flood the market with liquidity. YES, YES! Bonds will soar, interest rates will sink, and Yes GOLD will rise. BTW, Ralph Acampora says Dow will decline by 20%. If there is an inverse relationship with GOLD, then will POG rise by 20%? (or to $350). And yes, I do feel Abby is full of hot air. Just my thoughts. Regards, Lalit Jain

To: PaulM who wrote (15387)	8/6/1998 2:36:00 AM
From: Gary H	Read Replies (2) \| Respond to of 116764

Paul, I don't think Abby single handedly turned the markets on the 3 previous occasions. She just happened to be right. She expressed an insight which was correct.

To: PaulM who wrote (15387)	8/6/1998 5:42:00 AM
From: Bobby Yellin	Read Replies (3) \| Respond to of 116764

Hi Paul: think Abby was just presenting her fundamental view..when it changes watch out..I can't imagine all the data she must pour through... I heard her speak in the early nineties and she sounded so simplistic..boy did I ever wish I had listened to hear..she stressed demographics before anybody else..stressed all the baby boomers who would put money away for retirement..relied a lot on common sense..no hype whatsoever..I think she marches to her own drummer and probably doesn't look at technicals..just data data and more data..Also still don't think she is a partner at goldman sachs..think she has an allegiance to "getting it right" rather than selling stocks or goldman sachs..just guessing of course.. read she still rides to work on a bus and loves bowling..(sounds as if she hasn't let success go to her head..but be one strong character!) ps anybody hear Mobius's comments last night?

To: PaulM who wrote (15387)	8/6/1998 5:46:00 AM
From: long-gone	Read Replies (1) \| Respond to of 116764

RE stepping in to stabilize She is trying to stop a correction. IMHO The market Correction is not Done. What here looks "Correct"? YAHOO INC (Nasdaq:YHOO) Earn/Shr = -0.36, P/E = N/A, Div/Shr = N/A, Last Trade = Aug 5 ú 83 7/8 Mkt Cap = 7.858B INFOSEEK CP (Nasdaq:SEEK) Earn/Shr = -0.39, P/E = N/A, Div/Shr = N/A, Last Trade = Aug 5 ú 23 7/8 Mkt Cap = 739.8M AMAZON COM (Nasdaq:AMZN) Earn/Shr = -1.03, P/E = N/A, Div/Shr = N/A, Last Trade = Aug 5 ú 106 3/16 Mkt Cap = 5.251B EXCITE INC (Nasdaq:XCIT) Earn/Shr = -0.89, P/E = N/A, Div/Shr = N/A, Last Trade =Aug 5 ú 39 7/16 Mkt Cap = 1.950B The other side CASE CORP (NYSE:CSE) Earn/Shr =5.02, P/E = 6.97, Div/Shr = 0.20, Last Trade = Aug 5 ú 32 Mkt Cap = 2.381B NEWMONT MINING (NYSE:NEM) Earn/Shr = 0.89, P/E = 20.08, Div/Shr = 0.12, Last Trade = Aug 5 ú 18 3/8 Mkt Cap = 2.876B BOISE CASCADE (NYSE:BCC) Earn/Shr = -1.52, P/E = N/A, Div/Shr = 0.60, Last Trade = Aug 5 ú 27 1/2 Mkt Cap = 1.549B DOW CHEMICAL CO (NYSE:DOW) Earn/Shr = 7.07, P/E = 12.83, Div/Shr = 3.48, Last Trade = Aug 5 ú 90 3/8 Mkt Cap = 20.345B FORD MOTOR CO (NYSE:F) Earn/Shr = 5.56, P/E = 10.21, Div/Shr = 1.68, Last Trade = Aug 5 ú 54 1/4 Mkt Cap = 61.887B INTEL CORP (Nasdaq:INTC) Earn/Shr = 3.23, P/E = 26.26, Div/Shr = 0.12, Last Trade = Aug 5 ú 84 1/8 Mkt Cap = 142.7B MICROSOFT CP (Nasdaq:MSFT) Earn/Shr = 1.67, P/E = 64.93, Div/Shr = N/A, Last Trade Aug 5 ú 104 5/16 Mkt Cap = 257.0B TEXACO INC (NYSE:TX) Earn/Shr = 3.09, P/E = 18.87, Div/Shr = 1.80, Last Trade = Aug 5 ú 56 11/16 Mkt Cap = 30.675B Now, I hold no position in any of these issues. I know there are greater points to the overall health of a market, or the value of any stock. This may well be a fair thought picture,though. rh