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To: Robert Stone who wrote (25317)	11/10/1998 1:56:00 AM
From: JBL	Read Replies (1) \| Respond to of 164684

To all : As is the case for most analysts, if Cramer knew what he was talking about, he wouldn't be in the business of selling his advice. Cramer's only originality is that he changes his opinion every 2 weeks and manages not to upset people in the process. His latest endorsement of a rebound in Asia is total HS. Negative rates and spending vouchers for families with kids are not exactly the signs of a recovery you would expect in Japan. Again, look at ongoing capex spending cuts for all basic industries in all economies (including the US), look at commodities prices, credit situation, and try to think for yourself. Most Wall Street participants depend on a bullish market for their living, and have a very limited understanding of forces at play in the global economy. Do you really believe that their thoughts are clear on the subject ? The bullish argument these days is "earnings were not as bad as we thought they were going to be", "this or that bailout package will soon be approved", and "low rates will keep the economy out of recession" . There are no references to fundamentals, and most of their case is based on wishfull thinking. Again, think for yourself, and for your financial health do not bet that this rally will last much longer.