[PEN-L:402] Re: Crash of '99?

[Barnet Wagman <wagman@xxxxxxxxxxxx>]

A little comment on the conventional wisdom (in its various forms):

It's a mistake to assume - as nearly all mainstream commentators do these days -
that the U.S. stock market is a LEADING indicator.  Sometimes it is and sometimes

it isn't.

It wouldn't surprise me at all if world financial/economic woes yield further
capital flight to
the U.S. and a consequent stock market rebound, independent of what's happenning
in
the real U.S. economy.

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    Barnet Wagman

    wagman@xxxxxxxxxxxx

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