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To: Cynic 2005 who wrote (3931)8/17/1998 10:09:00 AM
From: John Dally  Respond to of 86076
 
Hi MoMo,

I totally agree. When I hear about Clinton's popularity rating of 70%, I just say "wait for the stock market to tank:" People are too content today to be bothered with Washington.

The best example of Clinton's future was demonstrated in Indonesia: Everyone knew that Suharto was corrupt, but it wasn't until their prosperity vanished that the citizens became outraged.

In addition, as you state, humans rarely take responsibility for the consequences of their actions (if bad), they blame others. So naturally the man who took credit for the good times will become the scapegoat for the bad times.

BTW, an interesting conversation with my 61-year-old aunt. She called me for the first time ever for stock market advice. She's very nervous and is thinking about selling all her mutual funds. I asked her why she was feeling nervous now but not last October. She didn't really know, but thought it might have something to do with the situations in Japan and Russia. (No one has called me re the stock market in many months because the only advice I give is "stay out.")

Best regards, John.