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To: DanZ who wrote (16012)	8/27/1998 8:52:00 AM
From: Iceberg	Respond to of 53068

>If the U.S. goes into a recession because of what's happening in Russia, it will be caused by emotion and not anything fundamental. Dan, Exactly. Ice

To: DanZ who wrote (16012)	8/27/1998 9:05:00 AM
From: Larry S.	Respond to of 53068

Dan, psychology is very important component of investing. yes, US economy very strong, but if people, aka investors, start looking at their portfolios from the point of view of where can i reduce risk, rather than where can i make money, then we could see a spiral continuing the disfavor of stocks. Right now we are having a dearth of buyers, rather than a lot of selling. The reasons for owning stocks are not nearly as compelling as they were month or two ago, and i only see this trend continuing, at least for the short term. larry