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To: Joseph G. who wrote (53380)	8/31/1998 9:19:00 PM
From: Lockhart	Respond to of 61433

This correction was not caused by fears of weakness in foreign economies...it was caused by ACTUAL weakness in foreign economies. We have yet to feel the full effects of the lack of purchasing power in SE Asia, and Latin America, compounded by their effect on Europe and the rest of the world. In terms of economic impact Russia is insignificant, In this country everything still looks fine for now...low inflation, low unemployment, although very high real interest rates. The degree of impact that the world economic problems will have on the US is the biggest unknown, and the biggest fear.

To: Joseph G. who wrote (53380)	8/31/1998 9:28:00 PM
From: bucky89	Read Replies (1) \| Respond to of 61433

Reads like communist propaganda - or you invented all this yourself? Joseph, My point is I believe there are no significant similarities between the 1920's and today. What similarities exist are merely coincidence. The market rally of the 1920's was a speculative bubble that was not supported by a broad cross-section of the US economy. There was no middle class in those days, and if you were not in the top 1% financially, then you very likely very poor. Not like today, when pretty much everybody holds corporate securities in some form. bucky89