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To: NickSE who wrote (32483)	4/11/1999 9:02:00 PM
From: accountclosed	Read Replies (1) \| Respond to of 86076

and what does Boris have to say about this? :-(

To: NickSE who wrote (32483)	4/11/1999 11:21:00 PM
From: Terry Whitman	Respond to of 86076

I mentioned last week that the popular media sentiment machine was cranking up hard to allow ground troops. They are now admitting as much. Today's front page story included reports of Serb sex crimes and torture of Albanian women. I don't doubt that it could be true- but the media are playing to the public's emotions fiercely- I am afraid that it may be working. <ng>

To: NickSE who wrote (32483)	4/11/1999 11:50:00 PM
From: NickSE	Read Replies (1) \| Respond to of 86076

The Dow bubbles and the bears rumble newaus.com.au ............. These shares didn't just fall for no reason. This trend is not an act of God and there is nothing mysterious about it. Shares are falling because earnings are falling or are expected to fall. I suspect this is one of the reasons that Warren Buffet publicly questioned the fundamentals of corporate America. When the likes of Warren make statement like that then one should sit up and listen very carefully. This man is talking from within corporate America. Perhaps the announcement by the famed Caterpillar company that its predicted first quarter profits had been slashed by 50 per cent and that it was planning to close US and foreign plants has finally prompted some investors, including Buffet, into reassessing the market risk factor. That bulls have been quietly withdrawing for some months while bears have been moving in may have motivated Martin Armstrong to argue that many investors have become more risk averse. If so, then the market is being driven by "bubbleheads". .............

To: NickSE who wrote (32483)	4/11/1999 11:51:00 PM
From: NickSE	Respond to of 86076

Is America's boom over? newaus.com.au ............. Ranging across the market we see the same overall trend — and it spells bear. So what is going on? We are witnessing the equivalent of Britain's 1840s railway mania, the then-equivalent of our hi-tech stocks. And this one too will end only one way. This depressing thought has rippled through Wall Street. Just as investors ploughed their savings into railway companies to reap massive future rewards, their share prices rose out of all proportion to economic reality. The eventual collapse of these shares ruined many thousands. Today, the market is also being driven by fund managers whose only guide seems to be an index. Their desire to buy what goes up has given the market an additional momentum. Nevertheless, the result will be the same. Of course, the market's underlying momentum, and original fuel, was Greenspan's lax monetary policy which generated considerable credit expansion — even now, he still has his foot on the accelerator. Perhaps he is trying to do a Benjamin Stong and give "a little coup de whiskey to the stock market," as Strong once said shortly before he let the money supply go in 1926. .............