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

To: Philipp who wrote (24146)	8/13/1998 9:17:00 AM
From: James F. Hopkins	Read Replies (3) \| Respond to of 94695

Hi Phil; My God don't talk 7000, I'm convinced if she does that we could go to the toilet every bit as bad as Asia. People don't seem to understand after a certain support is broken, it takes a lot less to finish her off. I don't think they will let it happen as the side effects could actually cause a national debt default, the market has such an effect on the taxes that the government collects, that a big melt down in the market could collapse the government. ( if people think Japan is in such bad shape as compared to us, they just have not compared the National Debt. ) Keep in mind stocks do not represent MONEY, they represent hope, the money is not really there, you can't get it out beyond the point someone else is willing to pay for hope. Too many People think stocks represent Money, the pundits such as CNBC have them trained. In a melt down the money don't go anywhere it just vaporizes into thin air, as it is not there, it was spent a long time ago. On top of that once hope dies, stocks do not become values that many people can afford, even the so called book value can follow the rest of the market down in short order, ( book value is deceiving in a melt down ) The side effects are rough, homes can lose half their value so then how good is that low interest mortgage, on a home that you paid double price for. If you really think 7000 is coming pay off all debt , sell every thing you have while you can still get something for it, home and all, and head for Norway or some other country that will let you in. Hey man if a melt down comes the Cubans may turn out to be better off than we are. <G> Below 7600 get you a passport outa here, she won't stop and you won't be able to build prisons fast enough. Jim