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To: KyrosL who wrote (30612)	5/22/1999 10:15:00 PM
From: LindyBill	Respond to of 152472

my actions this time around are probably premature Yep

To: KyrosL who wrote (30612)	5/23/1999 3:28:00 PM
From: Art Bechhoefer	Respond to of 152472

I also believe that your caution is premature. If the type of catastrophe you have contemplated should actually occur, I would not want to be in Treasuries, zero coupon bonds, or whatever. Gold might then be the best investment, given its current and artificially low price (due to the Bank of England selling some). Second, even if there is a market crash resulting from unwise foreign adventures, there will still be a great, and growing demand for telecommunication technology such as CDMA. In fact, if bombing wipes out wired telephone systems, it is even more likely that they will be replaced with wireless CDMA. Financial, economic, and political uncertainty is not necessarily any basis for panic selling. Finally, I always believe that foreign policy should be thought of as an investment, just as buying stock or bonds is an investment. You have to foresee some kind of return on the investment. While I'm generally supportive of the administration foreign policy, this current adventure was never thought through very well, nor did the Adminsitration make it any easier to succeed by telling the enemy everything we intended to do and NOT TO DO as well. Such stipidity is not economic, to put the former campaign slogan right. It's not the end of the world, but it also is not a very good investment of scarce resources.