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To: limtex who wrote (21870)	1/24/1999 5:19:00 AM
From: Maurice Winn	Read Replies (1) \| Respond to of 152472

No! People get bored with panics after a while and even start to laugh in the face of them. The Brits in the Blitz developed quite a feeling of solidarity and while 'Buzz Bombs's weren't welcome, neither did they do much more than clear some derelict old buildings for little cost, [most people were hidden underground during attacks]. They probably served to create some serious support for a defeat of the Hun who were ONCE AGAIN and for the third time in 60 years causing a LOT of trouble in Europe. Disneyland USA is still prone to swoon at not much, but there is plenty of toughness not too far under the surface. They might faint, foam and foment at the horrible prospect that a President wasn't totally open, truthful, forthcoming and helpful about adultery, but if push comes to shove, they'll get over it. The same in the markets. A bit of stockmarket panic is great fun, but after a few rides up and down the Big Dipper, people start to yawn. Sure a few get sick and get off. But mostly boredom means they lose interest after a few rides. Since boredom means lack of panic in a market, people will see it drop a chunk, yawn and pick up a few bargains with the cash which is sloshing into their high paid salary. Okay, some of the Web 'investors' are taking a pasting. They'll go bust and have to go back to work, cancelling their new cars, trips to Aruba and early retirement plans. But those who sold them the stocks have still got the money and they'll buy again. They won't want to keep the money as cash at the low interest rates available. So it will go round and round, back into stocks. So, maybe a chunk down, but not a big time liquidity crisis, with 'the biggest international financial crisis since the second world war'. You can only have those every half century. Every few months and people get jaded. Anyway, Globalstar isn't crashing any rockets for a while, so no chance! Yawn! Mqurice. Q! $80 coming up in a week! [Anyway, isn't it night time there? Go to bed!]