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To: John Pitera who wrote (41132)	5/14/1999 5:19:00 PM
From: John Pitera	Read Replies (1) \| Respond to of 86076

Roger Babson's "Wall of Worry" list as to why it's time to buy -g- The "Wall of Worry" is getting taller: Rubin's exit. A possible Greenspan exit before July 2000. Yeltsin in a state of babbling idiocy and about to be impeached. Russia's growing impatience with "NATO threat". Netanyahu about to be defeated. Yet another prime minister in Japan rumored to be ready to resign. Continued signs of internal squabbling within NATO ranks about bombings and civilian casualties. New revelations about espionage, campaign fund-raising improprieties, officials lying about nuclear capabilities of North Korea, and cover-ups by the current administration. Inflation fears hitting the bond market. Here in the UK (Bristol), the English are staring recession in the face, while support is waning for Blair's Euro courtship. Any more concerns anyone can think of at the moment? Is it time to buy? ;~) RB

To: John Pitera who wrote (41132)	5/15/1999 8:27:00 AM
From: re3	Read Replies (1) \| Respond to of 86076

good stuff, John...I like the idea of pooting these mkts, but am not sure how. The one suggestion around these parts is pooting the mxf fund... Howard

To: John Pitera who wrote (41132)	5/16/1999 9:56:00 AM
From: NickSE	Read Replies (1) \| Respond to of 86076

An Investment Strategy Beyond the Year 2000 usagold.com [...] Assumption nos. 4 As a flight from paper assets begins, (and begin it will) watch closely where the capital goes, as the old money will lead the way in terms of direction. Rises in commodity prices may signal the beginning of an inflationary trend. But remember that it is possible to make money in both rising and falling markets, however sometimes being short can be a mistake. Markets that have been heavily shorted may take a while to sort themselves out. It all depends on who has been doing the shorting. Let's not forget the Y2K issue. What a great feat of modern technology this is. A potential problem of an unknown quantity, guaranteed to happen at a specific point in time. Most unusual. Normally we don't get a date as firm as this one. However, there is a serious aspect to it as well. Disruption of some sort is virtually guaranteed. Even a complete meltdown of essential services as currently portrayed in some quarters is possible for a short period. The primary concern is the duration and magnitude of the Y2K related disruptions. Very few people will be unaffected by the problem which will make finding a solution a top priority. Therefore prudent measures are required. Taking all this into account, life as we know it will go on. Hard assets will most likely attain a higher premium than they are at present. Early signs of this are showing up in the premiums attached to gold and silver coins. However, wandering through New York city with a bag of gold coins may not be practical or advisable. Location coupled with access to liquidity and back up supplies will be the key. Shares in IBM will trade somewhere, just don't rely on them for liquidity. During the first two weeks of the year 2000, don't expect to be able to rely on the phone system. Relying on the Internet to keep you well informed and electronic banking to provide cash are also not advisable. Assumption nos. 5 Y2K will have an affect on commercial enterprise. Being prepared for this event will require some research on the part of the individual. There will likely be delays in processing transactions, and communication via the normal methods could be difficult. Should Y2K's appearance occur during an already significant stock market downturn, being caught unprepared could be financially embarrassing. Commodities could certainly benefit from any repercussions brought about by this event. For example, urgent orders for copper wire would benefit the copper market. THE BOTTOM LINE There are few arguments left that debunk the scenario which suggests the US stock market bubble may burst before long. The bear market case is getting stronger by the day. Now may be a good time to cash out. There is also much historical evidence to support a potential shift from financial/ paper assets to hard assets at this point in the cycle. A new trend may be beginning. Until this trend becomes clear, staying liquid is of paramount importance. Constructing a sound Y2K strategy, as opposed to the guns and gold mentality, is also wise at this point in time. Making last minute preparations would not be prudent. Companies with solid cashflow potential associated with hard asset and commodity production, should be identified and acquired sooner rather than later. They may never be cheaper at this point in the cycle. Gold and gold stocks may enjoy one more brief rally prior to a last leg down in their 19 year long bear market. Therefore, be watchful of precious metal rallies at present. These markets may demonstrate further downside volatility before they become free from several years of forward sales and seemingly odd derivative related behavior. Cash may well be king, but be careful where you put it. Most banks do not carry enough cash to satisfy any serious withdrawals. [...]