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To: Maurice Winn who wrote (15153)	9/17/1998 7:46:00 PM
From: dougjn	Read Replies (1) \| Respond to of 152472

At some stage, people will understand that the world has been in one huge bull market for 100 years [give or take half a dozen decent bumps] and it will continue because people don't want to go back to living in caves. Maurice, the Unites States has been in a huge bull market for about 350 years. Doug

To: Maurice Winn who wrote (15153)	9/17/1998 8:25:00 PM
From: marginmike	Respond to of 152472

I think the Bull in me is coming out again(no punn). I remember back in 91 and like today the scare tactic of the day was the impending doom of the banks. There were people shifting accounts to avoid catastrophe. Today its world markets collapsing. Ramsey I believe that you are right there are real problems out there. These problems arnt going away overnight. I think it will be 2 years before the world economy turns strongly up. I think that the market has priced this all in. I think that the worst is upon us right now, and that things might not get better there not getting worse. I frankly hope Japan slowly falls off the earth. If this happens I still dont think we go into a depression. In 1986 1/2 the world was closed to capatalism. That is not the case now. The pie is much larger, and Japans stagnation can be overcome by other's growth. We have hit a large bump. It is not even close to a depression. In my opinion it wont. The dow might see 6500 but in 18 months it will be chugging along again. In the United States business is still strong. This despite a huge increase in Currency cost. The short term problems are not enough to drag the overwhelming trends that have shaped this decade. I think those in the far east see it as the end of the world, In the west we understand this is another bump. The experts in the worst case are predicting a slight downturn for a few quarters. Who cares if the Japanese stagnate for 10 years. After reading "The Japan that can say No" I just have to laugh. It is never as bad as you think it is or as good. We might be slowing are pace but the light is shinning! I remember a month ago everyone said it was China devaluing, now its brazil, tomorrow canada. Its peoples fears predicting the future. I just dont buy it anymore. We have taken a huge hit in the market. It is in line with the events in the world. I say were done and the next and last leg down is the best buy opp for the next 10 years. The stock market valuations are higher then historical averages, however no where near the Japan bubble. im rambling again! sorry