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To: bill meehan who wrote (16424)	1/20/1999 1:03:00 PM
From: Ilaine	Read Replies (2) \| Respond to of 86076

>>>>>I guess I'll just have to advise investors (assuming there are still some of them out there) to wait for the inevitable decline.<<<<< I am holding plenty of powder, but what I wonder, is if the decline is inevitable, why should I invest once it occurs? The big bear markets I keep reading about lasted for years, not months. I guess what I am saying is, if I believe, for example, that CSCO will up if I buy it if it dips to 50, why not buy it at 90, or 100? Isn't there a cognitive whatchamacallit there?

To: bill meehan who wrote (16424)	1/20/1999 1:14:00 PM
From: accountclosed	Read Replies (1) \| Respond to of 86076

You're in a tough spot. I appreciate your candor. It has to be a fine line to not appear to be talking out of both sides of your mouth, but the fact is the market is way overvalued....but then again, what will bring it to earth? Common sense prevents most of us here from participating in continued up moves, too. But from time to time, patience wears thin as the buying orgy seems to know no limits.

To: bill meehan who wrote (16424)	1/20/1999 2:10:00 PM
From: Cynic 2005	Read Replies (3) \| Respond to of 86076

Bill, Good note. Bill Meehan for Fed Chair, any one? (Are you sure your employer is OK with your opinions? -g-) Seriously, I think Greenspan and company are trying to talk the market down rather than do something about it and be blamed for popping the bubble. If it is headed down, I have no doubt that they will resort to propping it again. Perhaps not before 7,500 level is reached. Then again, it may be just wishful thinking.