-Caveat Lector-

This chart illustrates the wisdom of investing for the long term in the stock market. 
Yes, there was some irrational exuberance after 1995, but you
can see that the market has corrected for this nicely, thank you, and a bit more as it 
tends to do especially under a(nother) Republican Bush
administration.

The Volitility Index (VIX) is a measure of investor pessimism. Technically it is the 
put-to-call options ratio. When it goes very high it signals an
intermediate term stock market bottom.

There are many good stocks to choose from. My favorites are Peets Coffees (PEET) and 
Lexar Media (LEXR). You can research the for
yourself on Yahoo under Finances. Both have recently released very positive earnings 
reports.

This is not an advertisement, but I do hold positions in one or more of the above 
stocks. I took a lot of flack for my suggestion that the market was
nearing a bottom a few weeks ago.

Time will tell if the bottom was reached. Let us hope Bush does not destroy the world 
in his war with Iraq. :-|

Steve



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