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To: bill meehan who wrote (32900)	4/12/1999 10:52:00 PM
From: John Pitera	Read Replies (1) \| Respond to of 86076

Bill, I have a luxurious Kenmore box right outside of the CBD bus terminal, if you'd be so kind as to ship it to said local, I'm sure my friends will hold it for me.. Just Send it to ThunderChicken man -g-

To: bill meehan who wrote (32900)	4/12/1999 11:58:00 PM
From: John Pitera	Read Replies (3) \| Respond to of 86076

Prominent bears in the 1920's as well as the 1990's--From a colleague However, one of the great popular misconceptions about the late-1920s > mania and pre-crash period was that there were no bears around and > that the rabid bullishness was the greatest contrarian indicator of > the century. > > Some of the more notable bears of the time, who sold quite early or > who publicly proclaimed there bearishness were Charles Merrill, Joseph > P. Kennedy, Bernard Baruch, Paul Warburg (the "father" of the U.S. > Federal Reserve), the infamous Jesse Livermore, the misunderstood and > mischaracterized Herbert Hoover (as Secretary of Commerce in the > Coolidge administration), Henry Ford, the "real' Roger Babson, and an > extensive list of less notable bankers, media executives, politicians, > writers, and foreign dignitaries. > > Today, an examination of the incomplete list is interesting, as many > of the individuals who personally experienced the crash are quite > bearish, some of whom have characterized the current stock market > situation a bubble: John Kenneth Galbraith, Sir John Templeton, Roy > Neuberger, Walter Morgan,founder of the Vanguard Wellington fund > (recently deceased), Phil Caret (likewise recently passed on), Phil > Fisher (whom I met when I lived in San Mateo, CA. in the early-1990s), > Milton Friedman (recently quoted as stating that the current bubble is > larger than the one in 1929), Elliot Janeway (now deceased), and > Albert Sindlinger, an economist in the Hoover administration, who has > operated his own consumer confidence survey from Pennsylvania since > the 1950s. > > I would even include Warren Buffet as being bearish, at least as as he > can publicly be bearish, given Wall Street's habit of watching his > every move and reacting to even his most cheeky utterance. > > Lest I forget the single most important person in my life for shaping > my view of economics, history, philosophy, finance, and geopolitics, > my dear grandfather, who became increasingly bearish in 1995-96 with > each tick up on the DJIA until his death in his 90s in late-1997. > > These persons' perspective are certainly not the final word on the > subject, and while I am not a historical determinist, per se, I am not > one to subscribe to the post-modernist notion that "history is dead" > and that U.S. history is the province of "dead, white males" and an > anathema to our understanding of today's world. > >