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To: dougjn who wrote (16049)	10/6/1998 1:42:00 PM
From: marginmike	Read Replies (4) \| Respond to of 152472

Doug Im glad you are our resident doom and gloom guy. However the market crashed in 1987 and slew's of people were thown out of work. Th auction records at Sothebies kept going higher until 1990. Im not saying that's gonna happen again. I just dont know. however you do not know either. The fact that your so sure we are going into a depression is a pretty bullish sentiment. I dont know whats going to happen, but I feel a need to play devil's advocate against your Armeggedon scenario's. the fact still remains that it is better then even money that the USA and Europe continue to grow in the next year. It is also a fact that the south American countries are in a vastly improved situation from 10 years ago. I think Japan's problems are Japan specific(Demographics,distribution system etc). i think that the rest ofthe world is beginingto stabilize and Japan might still continue downward. I think your watching to much CNBC. The worst is behind us, and your still living in the past. The markets have been whacked to the tune of more then 30%, Interest rates are coming down(justifying higher multiples) and the G& are finally acting. The dow is up from its low of 7400, and seems to be base building. So please dougjn give us a break with the sky is falling the sky is falling routine!