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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?

To: Susan G who wrote (28836)	2/8/2002 8:06:43 PM
From: LTK007	Respond to of 99280

<And they have no idea whatsoever what to do and rely totally on the big firm advisors.> which generally take very good care for them.The significant unspoken aspect of the 10fold increase in the very rich clients pulling away from risk is the echo of the advice they are getting from JPMorgan,i suspect. But another aspect to consider is the days of the 90 year old dowager clipping coupons from stocks she knows nothing about(and were purchased in 1933:) is fading into history as one,they die off,and as two--and this is a biggie,the dividends are dropping precipitously,and this even a greater reason for equities to be falling out of favor at this time with the very rich,imo. i went to a school (as a token gesture of democracy,plus i was pretty fair at the game of football:) of coupon clippers and i will never forget a Professor Keegan,bless him,yelling at a boy or two or three,after going blank to a question "are you here to learn something! or are you just going to be a coupon clipping dumbo taking up space on this planet?!--the choice is yours"--memories:)