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To: Boplicity who wrote (56141)	8/5/1998 8:54:00 AM
From: Mohan Marette	Respond to of 176387

'morning Greg: 'weight of money' is indeed what moves our market these days and there is no evidence to date that the spending has stopped. The recent report said that wages were up .2% while consumer spending were up by .6%, the Consumer Confidence measured by the Conference Board went down a couple of points,I think from 138 to 136 and that is not indication of a scared public.The money is still pouring in as usual into the IRA accounts as market gyrations has hardly any effect on its flow. There is no evidence that the U.S economy is headed for a recession on the contrary we are moving along just fine thank you. All this BS that is going on in the market appears to be the making of the wall street pundits and not based on any facts,I strongly believe. But I could be wrong as usual.<g>