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To: Sarmad Y. Hermiz who wrote (123199)	4/7/2001 5:51:59 PM
From: GST	Read Replies (1) \| Respond to of 164684

Sarmad: One last point. We spend more than we make. We consume more than we produce. And we pump money into the stock market like it is our salvation -- for the middle class workingman the crack house down the street looks pretty respectable -- Fidelity, Etrade, pick you favorite. Somebody told us at some point that stocks always beat savings in the long term -- and so we concluded that zero savings and 100% stocks was the way to go -- but it aint so Sarmad -- it aint so. Last year "responsible" people wanted to put social security funds into the stock market -- light-up a bigger crack pipe for a bigger high. In the end the stock market reflects something fundamental - "its the health of economy we need to worry about 'stupid', not the height of the stock market" (not meaning that you are stupid). Should people spend money? Sure, it is good for the economy. And should people take every other dime they can scrape up and put it in the stock market? No way. That has been our mistake. Some people went to the extreme of putting it all in tech -- and some were even more extreme and just focused on one or two tech sectors -- that is the real lunatic fringe, but it is amazing how big the lunatic fringe was growing this time last year. We should pay down some debts and save some money. By the way, if and when we do this, our trade deficit will go away.