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To: BayTay who wrote (7165)	3/30/1999 9:30:00 PM
From: Techlad	Respond to of 29970

My point was that we should not make the assumption that lack of major negative market<inertia> should lead us to be complacent.Japans' market performance (not to be confused with their economy as a whole) does not lead ours,generally it is quite the opposite.The investment world as a whole acts and reacts to the U.S. markets,with some fluctuations according to regional news.Your point about the market moving downward prior to the war in 91 only proves mine.The market,as we all know hates uncertainly.the threat of the Saddam super weapon created that.The outcome of the air campaign in 91 was very predictable,and the Dow was unaffected by it.The ground war outcome was predictable also,but a severe human cost was a very real possibility.Nuclear and biological exchanges were not ruled out.The exact same situation exists today.The outcome of the air campaign is totally predictable and thus the market is unaffected by it.Should ground troops be used ,then enters the uncertainty.Then my friend,ahhaha will indeed have the last ahhaha! Tech