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To: neverenough who wrote (8336)	10/18/1998 9:38:00 AM
From: MskiHntr	Read Replies (1) \| Respond to of 44908

For further reading re: the state of the market, here's another man's opinion: martinarmstrong.com Click on 'Panic of 1998' on the home page: See the following : Can the World Be Saved? 10/3/98 The World Ends Here? 10/7/98 Will Leverage Cause the Financial World to Blow Up? 10/9/98 Click on 'Ides of October' on the home page for: Lower Rates: Bullish or a Bearish Omen of What is Yet to Come? 10/16/98 Best, Joe

To: neverenough who wrote (8336)	10/18/1998 6:59:00 PM
From: gambler	Read Replies (1) \| Respond to of 44908

<OFF TOPIC> "We are now on are way back to new highs," said Charles Blood, director of financial markets and economic analysis at Brown Brothers Harriman & Co. "The key thing to realize is we're past the worst. The market is not going to go up in a straight line, but the worst period is over." This guy is completely lost. The worst is over, we are on our way back to new highs! What a joke! I guarantee the worst is not over. I guarantee we aren't going over 9300 on the DOW (not before we fall below 7000). This guy is in for a rude awakening. I guess AG figured he would raise rates just for the hell of it a second time in less than a month. There is nothing wrong. I guess there aren't any American banks close to failure because of the collapsing dollar. decisionpoint.com I guess it doesn't matter that the PE of the S&P 500 remains at a lofty 27, when very few American companies will have a growth rate of 27%. That doesn't even take into consideration if we were to have a recession, which is very likely. So stocks valued at 27% growth rates in earnings will now have nearly 0% or negative earnings growth, would this leave the S&P 500 in a SEVERELY OVERVALUED STATE? YES!!!! Get a clue Charles! Gambler