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To: Eric who wrote (59951)	6/25/2002 5:46:49 PM
From: Eric	Respond to of 77400

OT Looks like we are not happy! Story in today's WSJ Online. U.S. Wealthy Harbor Distrust Of Wall Street, Fear of Attacks By BRAD REAGAN Special to THE WALL STREET JOURNAL The nation's wealthy harbor a deep distrust of Wall Street and fear terrorism will negatively affect the nation's economy and securities markets, a survey shows. The U.S. Trust Survey of Affluent Americans, to be released Tuesday, shows 85% of respondents believe there should be tighter regulation regarding financial disclosure by publicly traded companies. In addition, 73% said they don't trust the recommendations of equity analysts and 66% said they don't trust management of publicly traded corporations. PREVIOUS SURVEY Stock-Market Gains and Kids' Future Top Worry List for Richest Americans 06/21/01 Why the skepticism? One reason seems to be the rich, at least most of them, aren't getting richer. About 85% of those surveyed said their portfolios declined in value since March 2000. The average decline was 17%. U.S. Trust, a unit of Charles Schwab Corp., conducts its survey annually to gauge the attitudes of America's wealthy. The company said the top 1% this year includes those with gross income of more than $300,000 annually or net worth of more than $3.75 million....... online.wsj.com

To: Eric who wrote (59951)	6/25/2002 8:03:32 PM
From: larry	Read Replies (1) \| Respond to of 77400

Eric, I feel very very sad about the WCOM news. I now will probably sit at sidelines until the NAZ hits close to 1000. Sooner or later the investors will hold the view that the rapid US economy growth in the past decade was built on massive frauds, regardlessly whether it's deservedly so or not. The congress and justice department need to set laws to prosecute these crooks and send them to jail. The SEC needs to get harsh on these guys to reinstall investors confidence. Probably gold will rule for a while. And it's likely that EURO can have a massive bull run even based on the belief that European companies are much cleaner and their earning qualities are much better than their US counterparts. larry