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To: smolejv@gmx.net who wrote (3458)	8/16/1998 2:53:00 AM
From: Berney	Read Replies (1) \| Respond to of 11051

Another late night BAMBI update Actually hard to believe that BAMBI could deteriorate from last week's lousy reading, but it did. BAMBI is now 28 to 2 bearish. So Berney, try to explain why you went to 95% equities on Friday. I'm now down to 71 stocks on the Big Boyz list and it is rediculously bearish -- 64 to 7. My thinking is that the bull trend from mid-June to mid-July lasted four weeks. Alas, it has been four weeks for the bear market. Time for a change -- we'll see. I still don't believe that it is time to take Buy and Hold positions. I disagree with MG. My brother bought a townhouse in No VA in 1989 that is still significantly underwater, by about 10%. Financial stocks are a disaster. My default candidate for the financials is FRBFX, a steller performer over the last several years. It's down about 6% YTD. However, I agree that Health Care is still doing great for all the reasons Steve mentioned, and I agree that those will not change any time soon. Then, we have the third leg of the tripod -- tech. We lived tech wreck 97 and tech wreck 98. The fact that INTC has been a good performer during this market downturn has to be kept in the perspective that it is still lower than last August. In the final analysis, my bullishness rests on politics. The "balanced budget" rests upon the stock market gains of the last several years. I believe that the powers that be do not want to see this end. However, I'm probably somewhat of a conspiracy theriorist on this issue. If the public every comes to believe that Buy and Hold is an illusion, a lot of financial bubbles would burst. I defer on the speculation of the international scene as I'm one of those that believe that the good ole USA is probably no better than a banana republic. Again then, we have tech. Can you possibly imagine how the intl powers that be are laughing their A**es off that our DOJ and FDC are attacking our tech companies (however valid the attack may be). Thus, my BWDIK BAMBI update for this week! Berney

To: smolejv@gmx.net who wrote (3458)	8/16/1998 3:14:00 AM
From: MonsieurGonzo	Read Replies (1) \| Respond to of 11051

DJ; RE:" O " Thank you for the fine book, it arrived today! I know MadameGonzo and I will both enjoy discovering great German Lit. L'affaire Clinton is a lurid sideshow; people are tiring of it, and most folks are loathe to change the political leadership outside of the electoral process - especially our Treasury/Financial leaders, who most believe have done a great job so far. Still, it's great theatre, and football season doesn't start until next month. There's not much else on American teevee, save the weather, which is HOT: Record crops across the flatlands, agricultural prices down. We have no idea why anyone would want to blow up our embassies - most of us are unaware that Clinton even has a foreign policy, much less one that would be pissing people off. As Berney mentioned, the thing this week is the Fed. In the last few quarters, stocks have gone down after the Fed has announced "no increase" in the kost of kapital, in the short-term; then rallied or, at the very least, stabilised. The intra-day charts show prices being bid up in anticipation of the announcement. Then quiet, as the world holds its breath. At the announcement, all hell breaks loose, and stocks go all over the place. Then they go down, which seems to surprise everybody. Should be fun! -Steve (^_^)