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To: Valueman who wrote (26728)	4/11/1999 11:54:00 AM
From: Mike Buckley	Read Replies (2) \| Respond to of 152472

I bet there were people in 1972 with the same attitude. After a 45% correction, they probably didn't laugh much. In 1972, was there a combination of low unemployment, low inflation, high productivity and moderate econcomic growth as there is today? (Rhetorical question.) --Mike Buckley

To: Valueman who wrote (26728)	4/11/1999 12:03:00 PM
From: Uncle Frank	Respond to of 152472

Valueman, you make a good point; one should never laugh in the faces of the Gods of the Market. But Downside Anal-ysts have predicted 50 of the last 3 recessions, and if you had listened to them, the cost of lost opportunity would have been staggering over the past 5 years. A correction of 50% would have to be based on some powerful macro-economic fault, and I can't see one in our future for the next few years. Of course, there is always nuclear war, but if that is your vision, get out of the market, move to northern Idaho, and put your money in bomb shelters, guns, and gold because investments in stocks will be totally worthless. I refuse to let doomsayers influence my life or investments. Frank