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

To: John Hunt who wrote (15963)	7/6/1998 6:34:00 AM
From: John Hunt	Read Replies (2) \| Respond to of 18056

An Interest-Rate Hike Now Would Be Too Little, Too Late nypostonline.com << What will the stock market's collapse look like? Kaufman thinks the first round of selling will come from leveraged institutional accounts, like banks, insurance companies and hedge funds that have been borrowing heavily to make investments. The behavior of average investors in a big market downturn is the harder thing to predict. Kaufman thinks younger people will stand firm at first, figuring they have many years before they'll need the retirement money they have invested in the stock market. "But when you get into some of the middle-aged and older people, they can't take the risk of seeing the market downturn through." >>