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To: Chris McConnel who wrote (603)	6/19/2003 8:54:04 PM
From: Jon Khymn	Respond to of 795

Foreign investment in U.S. and UK slumps - OECD Thursday June 19, 7:13 pm ET LONDON, June 20 (Reuters) - Foreign direct investment in the United States and Britain dropped sharply in 2002 as the ongoing economic slump, relatively weak stock markets, uncertainty over international security and heavy corporate debt loads took their toll, according to a leading think tank. The Paris-based Organisation for Economic Co-operation and Development (OECD), which covers a group of 30 mainly rich countries, said the United States suffered a 77-percent slide in foreign direct investment to $30 billion in 2002 from $131 billion last year. In Britain the drop was around 60 percent, to $25 billion. If the downward trend of mergers and acquisitions in the first five months of the year continues, the organisation said OECD countries could see a further retreat of 25-30 percent this year. biz.yahoo.com

To: Chris McConnel who wrote (603)	6/19/2003 9:01:56 PM
From: Jon Khymn	Read Replies (2) \| Respond to of 795

Chris, what's your outlook on our economy for next 6 to 12 months? I don't see it will get any better. I think the last few months of rally is bubble or "suckers rally". I see mom and pops are putting up their nest money again, which I think will be wiped out again... My retirement accounts have doubled in just 4 months..., will start to move them into cash. Waiting for Nas to get close to 1900s, hope to see it in a month or two...