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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Lee Lichterman III who wrote (35442)	12/19/1999 10:36:00 PM
From: Dwight E. Karlsen	Respond to of 99985

Lee, the arrogance of WS is incredible. Re: Schaeffer "As it turns out, the bears seem to have done an excellent job of keeping the baby boomers nervous about the market. U.S. Trust recently completed a study of boomers aged 35-54 with adjusted gross income over $230,000 or net worth above $3 million. The study found that these well-heeled boomers had just 38 percent of their portfolios invested in domestic equities, and nearly half of their holdings were in cash and in fixed income investments!" What this arrogant fool doesn't realize, is that not all high-net worth individuals are comfortable placing their money into the realm of WS. Yes, one of the owners of the company I work for (multi-millionaire) continually has brokers calling him at home and at work, begging him to give them his money. He will not. He feels (probably rightly) that he can do better by keeping his money where it came from: in his own business. These clowns on WS forget that, WS historically produces these very dry periods, where any money you have invested just withers away slowly. The WS pimps will never get everyone to invest in their ponzi scheme.