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To: bill meehan who wrote (51957)	7/16/1999 3:54:00 PM
From: wlheatmoon	Read Replies (1) \| Respond to of 86076

thanks for that. that's a percentage of HH financial assets...i wonder if that calculation includes everyone or just people with money in the stock market? i suppose there's no reason not to think that 50 or 60 or 80% of the people can't be participants in the market....if that's the case...why not dow 36k...-g-

To: bill meehan who wrote (51957)	7/16/1999 4:32:00 PM
From: NickSE	Read Replies (1) \| Respond to of 86076

Bill, Wow! No wonder Easy Al is keeping the bubble pimped up. I do see that stocks as a % of HH financial assets was 46.1%* at the end of Q1.* FWIW, I was just got that same chart in my newsletter (goes back only to '52). The highest percentage recorded, not including the present, was 4th quarter of 1968 at 38.0%. The low was 2nd quarter of 1982 at 11.6% with the 35 yr median at 23.2%. -ggg- BTW, CNBS just mentioned your thoughts on the low VIX level. Later, Nick