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To: Crimson Ghost who wrote (41290)	3/30/1999 9:03:00 PM
From: Think4Yourself	Respond to of 95453

George, FWIW I agree with your assessment, except that high tech will hold up well. The US has a near monopoly on the high end, thanks to all the engineers laid off at the end of the cold war. Most of the DOW stocks are going to get hammered later this year.

To: Crimson Ghost who wrote (41290)	3/30/1999 9:12:00 PM
From: The Ox	Respond to of 95453

The US bull would have ended long ago, if not for the Asian and Latin American meltdowns which kept inflation and interest rates low longer than almost anybody thought possible. George, I respectfully disagree. I don't believe the bull would have ended, it simply wouldn't have gone up as fast. Our strong economy would have created an excellent environment for stocks. Having stronger trading partners wouldn't necessarily cause our market to decline. 3 quick interest rate drops have pushed this market higher then normal fundamentals justify. The excess liquidity created by the fed moves continues to find it's way into our market. I don't think the bull run would have ended if the rest of the world had been more stable but we probably wouldn't have come as far as DOW 10000.

To: Crimson Ghost who wrote (41290)	3/30/1999 10:11:00 PM
From: BigBull	Read Replies (2) \| Respond to of 95453

George, I think the big surprise will be that Asia recovers faster than anyone thinks and that the Russel 2 an 3000 will begin to outperform the dow and S&P based on a massive worldwide pick up in industrial production, and that the markets case of "bad breadth" will heal. I base this opinion on three notable FACTS. 1. Worldwide liquidity pump IS kicking in. We on this thread don't need no stinkin Wall Street analysts to know that. 2. The spending wave demographics for Asia (x Japan) are every bit as favorable as they are for the US, they just lag by a few years. 3. The same demographic pattern that holds for Asia is even more powerful in Latin America. Don't even mention Canada! Japan will be dragged along kicking and screaming with low GDP numbers simply due to low internal consumption. Japans sun has set for at least 8 years. The rest of Asia will shine, shine, shine, as their sun approaches HIGH NOON. Remember, the rest of Asia is now in the processes of Industrializing in a big big way. This process was put temporarily on hold by the recent financial crises. Just look at our own economic history, and you will see that we were replete with financial crises when we were THE "emerging market." Then Japan will be the only place to be in because we will be in one bad assed depression as our internal consumption drops through the floor. Market breadth is usually pretty horrible in the midst of market leadership transition phases. Buy any and all economically sensitive issues and you will outperform the S&P. Drillers, CAT, CSE, LNN, Chemicals (both industrial and specialty) IP, GCR, WY, E&P's etc. etc. The boom is coming. Buy your tickets NOW! WRT oil drillers, THE "easy money" has not been made. SOME easy money has been made. Whenever the OSX correction occurs and however deep or shallow it may be, be prepared for the next wave up, which you do not want to miss. That will be the "EASY MONEY". I'll see you at the top.