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To: Richard L. Williams who wrote (38701)	11/2/1997 3:07:00 PM
From: Lee Penick	Respond to of 186894

General info, Sorry no link, this is off of Pointcast. ---------------------------------------------------------- Investors remain bullish New poll and mutual-fund data show no widespread fear about Wall Street October 31, 1997: 6:09 p.m. ET ÿ NEW YORK (CNNfn) - Despite the raging swings on Wall Street this week, investors apparently didn't lose any enthusiasm for playing the U.S. stock market, according to new data. ÿ ÿ ÿ A poll by American Express Financial Advisors found that 75 percent of the people surveyed weren't worried about market volatility. ÿ ÿ ÿ Meanwhile, AMG Data Services, a mutual-fund tracker based in Virginia, released weekly statistics that show the $2 trillion in mutual-funds assets remained basically untouched. ÿ ÿ ÿ "It's clear there was no panic whatsoever," said Bob Adler, a spokesman for AMG. "Mom and pop did not sell." ÿ ÿ ÿ The U.S. stock markets went on a wild ride this week, with a record drop on the Dow Jones industrial average of 554 points on Monday that triggered two halts in trading. It was followed by a record rise of 337 points on Tuesday and choppiness for the rest of the week. ÿ ÿ ÿ But AMG found barely a blip in mutual fund assets, Adler said. There were outflows for the week of $1.3 billion -- which he said is just 6/100ths of 1 percent of all mutual fund assets. ÿ ÿ ÿ The American Express Financial Advisory poll said only 7 percent of those surveyed made any changes in their portfolios as of Wednesday. Only 17 percent of people surveyed said they'll adjust their investments as a result of the turmoil. And 47 percent said they remain more confident in the market this year than in 1996. ÿ ÿ