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To: Sawtooth who wrote (14313)	8/30/1998 2:49:00 PM
From: limtex	Read Replies (1) \| Respond to of 152472

Tim - If there are people out there who think that what we have seen so far overseas is only the tip of the iceberg then we are in for something far worse than 1929. In fact we are in for an economic disaster of unbelieveable proportions accompanied no doubt by social unrest and probably war as well. In fact if its only the tip of the iceberg all norms of our social and economic infrastructure will ceaase to exist. For instance if there is any further decline in the market of any length of time then millions of people are going to have no retirement of the sort they had planned on. If the market takes a real nose dive then all the more so and the effects will get even worse just like NAZ goes down worse than the Dow. You then have millions of people who won't be getting anything like they theough they would get and maybe not enought to sustain themselves. Banks will start going bust and interest rates will be low so that wahtever meagre saving people are left with won't attract very much income and will soon get used up. There will be rising unemployment and and people won't be able to stay on longer at work and so without their work or their planned retirement funds many will soon become destitute. Thats jus the beginning of what happens if " we've only just seen hte tip of the iceberg". Still waht do you think for NAZ tomorrow. I'm beginning to think abou capitulation personally. Survive and see what happens in a few years. Regards, L