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Non-Tech : Invest / LTD -- Ignore unavailable to you. Want to Upgrade?

To: Lucretius who wrote (1865)	8/17/1998 8:45:00 PM
From: waverider	Read Replies (1) \| Respond to of 14427

Thought you guys would enjoy this...Got this from my small Paine Webber account this morning. I can't believe they are missing the major issues. It seems to me this is more of an effort to maintain business and calm their clients down than to save anyone money. "A Special Report from PaineWebber's Investment Policy Committee" Over the past few weeks, the market has tumbled on myriad fears: uncertainty over the Fed, weakening profit growth, President Clinton. However, there is no fundamental justification for the recent market correction. In fact, is is very likely that 12 to 18 months from now, stock prices, as gauged by the S&P 500 Index, will be as much as 20% higher... They give the following reasons in sum... -The profit picture for American corps is not in jeopardy. -Near term political uncertainties will not have a long-term effect on the economy -no inflation -the Fed remains vigilant (yes...) -US economy is more service oriented and less vulnerable to inventory corrections (hmmm...) -individual investors continue to invest via a change in demographics They say THE BULL MARKET IS NOT OVER. It's interesting but they make little mention of Asia at all. They also suggest I sit down with my account Investment Executive. I wonder what he would suggest I do with all my cash? :) <H>