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To: Broken_Clock who wrote (1620)	8/6/1998 10:51:00 PM
From: SJS	Respond to of 14427

PK, PEI is not "Prince Edward Island", like in "potatoes"...HA.HA. The following comment was chilling: _______________ While the years ahead are filled with uncertainty, the 1998.55 turning point on our Economic Confidence model has done far more than merely pick the precise day of the high in the stock markets years in advance. It has pointed to the beginning of the decline in socialism in Europe and Japan. The bubble top this time is far more dangerous in European stock markets than it is in the United States. While we may face a 1 year deflationary mode that causes the dollar to surge, bonds to rally and commodities to fall sharply. We may need to see $192 gold, $3 silver and bonds at 156 in the US with a 23% correction in stocks (50% in high tech), 40% in Europe and a China and Russia devaluation before the trend in commodities will be reversed. For now, the next year remains above all, a very interesting life experience. In the long run, the future appears to be very bright indeed once we get past 2002 - the next bottom on the current 8.6-year business cycle. By then, Europe may be forced to see reality, as was the case in the United States.