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To: jbn3 who wrote (45451)	5/30/1998 5:50:00 PM
From: Walt Corey	Respond to of 176387

OT, 3. <a lot of fund managers to sell and go to cash> This is another interesting point because I think there are funds now sufficiently large that they become the market. In other words if Magellan where to 'go to cash' the economy would collapse. Granted, never say never. I can't see how these fund could go to cash. That would percipatate real ugliness that only LT can dream of. So, I think funds are self fulfilling. Again, never say never. So long as earnings are good we are fine. Let the young that are working the 80 hr weeks for pitances drive up earnings so the older ones (us) that are effectively out of the work force make our incomes from the juditious investing in those companies. Ironically perhaps the same ones that put us on the street to begin with. Walt