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To: Chuzzlewit who wrote (39445)	4/28/1998 10:50:00 PM
From: Lucretius	Read Replies (2) \| Respond to of 176387

I think most of the mkt invests as you do. Most of the public and many funds are leveraged up to their eyeballs. this could get UGLY when people start realizing there's not any cash on the sidelines. Anyone ever take a look at that chart I mentioned that showed the S&P and mutual fund cash levels? I'll say it again, they're the lowest in 10 YEARS. Think about it. BTW-- of my friends that are brokers, they all say more than half their clients are either margined or have taken out moe equity loans to put the money in the mkt. Like I said last week, int. rates are going higher, and we are setting up for disaster.... alas you're probably still alughing though? As always, IMHO of course! -Lucretius