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Strategies & Market Trends : Roger's 1998 Short Picks
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To: peter michaelson who wrote (13509)9/5/1998 11:04:00 PM
From: Phil(bullrider)  Read Replies (2) of 18691
 
peter,

I didn't mean you were either unclear nor dumb.

I simply did not understand your point.

I have been saving all I could the last few years and will continue to do so whatever the market does.

Most of the people that put money in mutual funds do so with automatic deductions from their pay checks. I simply don't see the rate of deductions changing, especially when a lot of companies match contributions at a rate of between 25% to 100%. That is a definite return on your investment wherever the money goes from there.

I simply don't understand why you would think that people would save more now that the market is a slump, and how it would put a damper on spending in goods and services.

Just trying to understand,
Phil
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