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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: Haim R. Branisteanu who wrote (7198)	10/24/1997 5:12:00 PM
From: Bonnie Bear	Read Replies (3) \| Respond to of 94695

YES. But I am the only person I know who is sending the voluntary part of my 401K into cash and bonds. My company continues to match part of it (with stock) and it doesn't get taxed. The stock market is like religion. There's no incentive to save money in this country. The feds need to stop taxing people on their money-market savings interest, what a difference it would make. If the feds just increased the amount of money that can be saved in an IRA account it would make a huge difference. When I see these things happen I will know the fed is really concerned and wants to do something for the public.

To: Haim R. Branisteanu who wrote (7198)	10/24/1997 5:25:00 PM
From: Simon	Respond to of 94695

<< I do not expect AG to be nice in his testimony >> Mr. G is between a rock and a hard place. If he raises interest rates the market is/was looking for an excuse to tank, and he gets blamed. If he does't, the market probably will recover and go on to higher levels. On the other hand the world does not need the Fed messing with interest rates at present. If the market recovers and goes to 10,000 you most likely will have explosive decompression. But then U have 100 million Asians working night and day for peanuts and exporting cheap goods to the US. So why not lay off a few hundred thousand americans and buy cheap imports. Hell, Bonnie can flip hamburgers, and I'll be the fry guy. This is all very "depressing". That was one of the problems of the 30 s, everybody was so "depressed"