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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: Major Tom who wrote (23952)	8/11/1998 2:24:00 PM
From: bkg	Read Replies (1) \| Respond to of 94695

No property bubble here, though (at least not of the same magnitude, or not in my neighborhood). And current US accounting rules would force banks to write-off much more quickly. Quicker pain, but a quicker recovery.

To: Major Tom who wrote (23952)	8/11/1998 2:35:00 PM
From: P.T.Burnem	Read Replies (1) \| Respond to of 94695

I have little doubt that one day the Dow bubble will burst. The question is when. I don't think the Dow will fall off the cliff this fall unless pushed over by some extraordinary event (i.e. a run on Japanese banks). More likely, we are in the midst of a garden-variety bear market, and relief rally is about to begin. PTB P>S. Don't wait to contribute to your IRA's until next year, do it in October.