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To: Lynn who wrote (70442)	4/12/2000 12:13:00 PM
From: jmanvegas	Read Replies (1) \| Respond to of 152472

Hi Lynn: Newbie investors who have entered the markets in the last 1-2 years and have never seen a bear market before. Also, those individuals who thought day-trading or swing trading was the next best thing to cotton candy. They will be taken out and shot and will permanently have a bad taste for the markets because of significant capital losses and will exit forever. This will now turn to a market of rationality as opposed to momentum with the long-term view of holding stocks several years out being the preferred way of investing. The Fed and the Street want to eliminate the excesses so a long-term sustained bull market can be maintained. This will not play well for those who want to make the quick buck. This is a market for the patient. Where to put money? Cash is good - you don't make much but you don't lose. What do they say - 5% is better than negative returns. I personally prefer trust deeds in real estate which is tricky and one needs to know their local real estate market very well. I fund 5-10 acre commercial tracts of land that are already zoned C-1 or C-2 and earn a very safe 12% (1st deeds of trust with no partners). Never lost a dime. I recommend that NO ONE invest in 2nd or 3rd mortgages - that is very risky. jmanvegas