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To: Dwight E. Karlsen who wrote (38416)	2/6/1999 2:25:00 AM
From: KeepItSimple	Respond to of 164684

>It's started, and it ain't done yet, IMO. I agree. I just want to know where the daytrader momo guys are going to go after the bottom falls out. I suspect that if they have any money left at all, they'll be right back in trying to make back their losses. Can you imagine a stock market where the only financial analysis that has any merit is momentum charting? The line between the nasdaq and a casino will no longer be "a bit blurry" it will be completely removed. And this is what President Clinton proposes we use to bail out social security? Does anyone worry that for the first time in the history of this country the average american now has more equity in stocks than in their home? (read that stat in the WSJ a couple months ago) I doubt Bill Fleckenstein, the perpetual(and ONLY) bear on CNBC, will be able to call the top, but I worry that he may be correct in that the carnage when it collapses will be devestating- on the order of the 1929 breakdown.