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To: Roads End who wrote (91600)	4/9/2001 12:06:41 AM
From: LLCF	Read Replies (2) \| Respond to of 436258

<ICBM One will probably unleash its deadly psychological payload later this month. The warhead is full of 401(k) statements. The vast majority of average US investors really do not directly buy stocks or mutual funds at all, but only invest through the ever-popular 401(k) programs. As such, the great bulk of the 401(k) investors have no idea how their precious retirement nest egg is doing until they see the quarterly statements. With Q1 2001 401(k) statements coming in the mail in the imminent weeks, chances are a lot of US consumers will be blown out of the water by what they see. With the dismal first quarter had by all the US indices, chances are the average 401(k) holder will see HUGE losses on their capital. With the baby boomers nearing retirement age and unable to afford giant hits this close to the end of the line, the punishing negative psychological effects of the 401(k) statements could be greatly exaggerated even further. We believe that there is a high probability for widespread redemptions of mutual funds leading to enormous selling pressure as US consumers see their bubblevision dreams shattered in their coming 401(k) statements. US consumers will NOT be happy when they see how well the professionals managed to preserve and enhance their capital in Q1 2001…> From the Gloom sheets....HMMM.... comments? DAK