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To: T.R. who wrote (76214)	11/2/1998 4:50:00 PM
From: jhg_in_kc	Read Replies (1) \| Respond to of 176388

TR, since you insist, here is me being an ANALYST. The bear market of the 1970s ended and this great 1980s bull market began on Aug 18 1982, with the Fed preparing to lower interest rates, from 14% to 10 3/8% on the long bond by year end. The bear market of the 1998 began in the spring of this year, appeared in the indices in July and ended at 12.30 p.m. EST on October 8, 1998. That day the WSJ reported emergency phone calls went out from the Fed to money centers and brokerages. The Fed has now cut rates twice. The bull market of 1998 to 2000 and beyond has begun. Only global depression will stop it and banks and governments worldwide are making it clear they will do everything they can to not allow this to happen. Stocks are up 20% since Oct 8; Buffett tried to buy LTCM at a nickel on the dollar. October is over without a crash. In my view those midday calls from the Fed on the 8th prevented it from happening that day. All is well. We will, wiser men and more nervous to be sure, nonetheless press on with courage to Dow 12000 in 2000. I sound the All Clear. all the best jhg