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To: Chung Lee who wrote (100852)	4/14/2000 7:54:00 PM
From: GST	Read Replies (1) \| Respond to of 164684

Chung: <why cash out now?> You must remember that there are many people who entered the market believing the risk was low. If you talk to older people, retired or retiring, and many of whom came late to the party -- they are in shock and asking themselves if they want to be in this market at all. Not everybody watches the market. They will talk things over this weekend and if even 5% sell on Monday morning -- what can I say? It would be hard for fund managers to pay up unless they double their cash on hand. They have no doubt begun this preparation, and now they must wait and see how many calls they get from people saying -- I want my money back -- NOW. Two trillion dollars of wealth just left people's accounts -- half of it today. Its no joke.

To: Chung Lee who wrote (100852)	4/14/2000 7:57:00 PM
From: Si_Detective	Read Replies (2) \| Respond to of 164684

I thought I need to wait till next week to see this kind of comments, it come early, more to come ?! Abby Joseph Cohen optimistic in wake of sell-off NEW YORK, April 14 (Reuters) - Speaking after the U.S. stocks suffered their biggest one-day point loss ever on Friday, top investment strategist Abby Joseph Cohen struck an optimistic tone and said equity prices are likely to rise from current levels. Speaking on CNBC, the Goldman Sachs (NYSE:GS - news) analyst said the U.S. economic expansion is ``far from over' and forecast that corporate profits will still go up. ``I think what we have seen (today) is very much a market event rather than an economic event,' Cohen said. ``As we take a look at out expectations for earnings, economic growth and so on, really nothing has changed over the past two weeks.' Cohen, who depressed stock prices recently by trimming the proportion of assets she advises clients to keep in stocks, said corporate earnings reports may provide investors with comfort. ``To the extent that the market is now lower, we think that there's a higher price appreciation likely from current levels.' Cohen said companies in the financial services, pharmaceuticals and global cyclical sectors offer good potential buys.