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Pastimes : Ask Mohan about the Market -- Ignore unavailable to you. Want to Upgrade?

To: StormRider who wrote (15177)	3/25/1998 10:28:00 AM
From: Mike McFarland	Read Replies (1) \| Respond to of 18056

Of course if the Nikkei, mainland China and Hong Kong tank (new fiscal year worries for Japan, devaluation for China) and if rates start going up here in the U.S. a correction could be so sharp that the mood could change. The question really is how much money is on the sidelines ready to come in. If the only money waiting is in CD's held by Gen-Xers like me, that might not do much to snap things back up much. In an instant the headlines would all change from euphoric to depressive. Also, if all of the boomers decide to reduce their allocation on the same weekend, that could play hell. There is probably a core group of 20M boomers who are rolling in it, and they are just waiting for a dip to send some more money in. The vast majority of the lower middle class has no free cash, and they probably have never been in the market to any degree anyway.