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To: Josef Svejk who wrote (1725)	3/13/1999 5:18:00 PM
From: B. A. Marlow	Respond to of 28311

Been meaning to ask you, Josef: Would you post a bunch of links to your favorite .wav sites? You're a laugh a minute, with .wav humor for every sentiment! Thanks. BAM

To: Josef Svejk who wrote (1725)	3/13/1999 5:20:00 PM
From: EyeDrMike	Read Replies (1) \| Respond to of 28311

Ah Josef, the voice of reason once again. Reading Bill's posts, and the exchange, was like listening to fingernails against a chalkboard. <<<So has the whole bear theory now, for years. Meanwhile the rest of the long investing universe is making one record after another. Yeah, but the small caps haven't, and the broad market isn't, and house of cards, and tulips, and yadda yadda yadda, but longs are making money hand over fist.>>> Yes, but the smart investor listens to all arguments, and makes their own best decision. Following the bears blindly for the past 5 years, and you have missed the biggest bull market in history. Otherside of the coin, listen to the bulls blindly, and you may end up following the herd off the proverbial cliff someday. word to the wise: "diversify, diversify, diversify" the chart at the top of this link seems ominous, cpcug.org are we really in new territory, with broad new valuations, PEs, etc, or are we on the edge of a cliff? history repeats.

To: Josef Svejk who wrote (1725)	3/13/1999 5:37:00 PM
From: Hawkmoon	Respond to of 28311

OT: Josef, Well, I'm not much of a precious metals fan at the moment although I have been participating in some general discussions of precious metals over on the Gold Price Monitor thread. Silver is a different metal and has far more industial uses than gold, IMO. As for being a bear, I think they make some very strong arguments about the overall economic problems we're facing that might impact even good companies and their stocks. I've been very concerned due to the Y2K problem, both domestically, and especially overseas. I'm hoping that we'll lick the majority of the issues here in the US, but hold little confidence in Asia, Latin America, or some countries in Europe. AG is having a heck of time trying to balance economic growth here while being forced to act as a global central banker for the rest of the world at the same time. Eventually, something will have to give and the extent of that systemic breakdown will be the difference between our suffering a recession or a full-blown global depression. Note that Ed Yardeni has reduced his probability of a US recession from 75% to 45%. Still high statistically, but certainly more comforting. Overseas will prove the ultimate determination and my sources here in DC are not especially confident in foreign preparation nor can they predict the amount of potential impact that may result. So we have to wonder whether we will see more capital flight to the US bond and equity markets as a result, or a flight to precious metals. It is the million dollar question for me right now. Regards, Ron