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To: Frank Ellis Morris who wrote (20404)	8/1/1998 12:12:00 AM
From: Sonny McWilliams	Read Replies (2) \| Respond to of 27012

Good evening Frank. I was not around to see the debacle of the markets today. But I heard it and now can see it on my stocks. There were a cpl items out today that got to the market. The growth rate seemed to have slowed a bit. Beats me why that should make a diff. I thought that's what the FED wanted. But since I was not able to listen carefully to all that stuff today, I may be misinformed on this. I will still have to check all the news on that. But I did hear about the savings rate. It is supposed to be at 0. I never heard of such stupid record keeping in my life. I have to admit that I did not know that the GVT does not take in consideration what we have in the stock market. Well, I guess I have some news for the GOVT. I have NO savings account. I have a checking account which gives me interest on my balance. I keep it to a minimum and the rest of my savings is and goes into the stock market and stuff. So I guess I am one of those non savers. And here I thought I was doing pretty well when it comes to saving. My sons and daughters all have IRA's and Keogh's, mostly in stocks and as we all know, so do a lot of people now. I can't believe that the GVT calls this no savings when they know very well that even most GOVT employees have regular deductions to stock plans and the like taken right out of their pay checks. And most Unions have pension plans where their members delegate the money to stock funds. This is nuts. People have stock funds where in a lot of cases their accounts are valued in the hundert thousands and the GVT can't be so dense and assume that this is not savings. Even if the market should go down big time at one point, it will still be better than the measly return you can get in a savings account. Not to say that people should not have savings accounts. The trackers of the savings rate know that money is flowing into Mutual Funds and stuff in record numbers and lots of it is from us little guys. Here is an article on that dailynews.yahoo.com Talk is that the market may go up again next week. I think we all would like that a lot better. gg. Other news was really not that bad, actually some was pretty good. I guess a hot long weekend coming up and all that attention on Monica's stained dress and the President having to testify on a live video, directly to the Grand Jury, did the market in. Let's hope that's all it was. Have a nice weekend Sonny

To: Frank Ellis Morris who wrote (20404)	8/1/1998 9:54:00 AM
From: margaret tasset	Respond to of 27012

Good morning Frank, You are so right how that a day can mean a very big difference. Well finally it hit me that this is most certainly the true nature of the market, up one day, down the next or a few days later etc. Anyway I have decided that the best thing to do is to play into this nature by developing a strategy that is consistent with the market and so I have decided to do that. I hope that your e-mail has been fixed. I had trouble with my e-mail this morning and only got a busy signal for hours. Then finally when I got through, had no e-mail. If you sent me any, please resend it if you did not delete it. I know that you are happy that the week-end is here and I hope you have a great one. Warmest regards, Margaret :-))