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Non-Tech : Elaine Garzarelli

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To: Gil Kempenich who wrote (97)11/20/1996 3:46:00 AM
From: Phil Tran   of 292
 
Dear Gil,
By holding cash, you might think you are a fool now. But, as soon as you go into equities, the market will crash and you will be a bigger fool.

Let say the DOW goes up to the 6800 range, it will then correct itself back to the 5000 level. As of today, the risk outweights the reward. A possible gain of 400 or 6%, versus a possible loss of 1400 or 22%.

Stick with your current instincts. Good luck.

Phil
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