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To: Sonki who wrote (20775)	8/29/1998 5:15:00 PM
From: Frank Ellis Morris	Respond to of 27012

Good Afternoon Sonki, Hi and how are you? I think that even though we have been well rewarded with Dell it is important to keep in mind that we have been very lucky with all the buying enthusiasm that has propelled Dell over the past. Yes I believe that it has pleanty of room for long term growth. I have been most impressed with Dell's quarterly earnings and its aggressive winning business model. The market needed a pull back and it got it. However I am sick and tired of listening to all those doom and gloom forecasters who get paid millions for being wrong but only to stir fear and emotions in the traders just for the sake of making commissions. Inflation and interest rates remain low and if corporate earnings do not plunge, we are going to be ok. Right now I do not see inflation in the cards. I do not believe that corporate earnings will plunge. We have a budget surplus. We are bringing in more taxes than we can spend. It took 40 years for us to get this surplus. The government can spend it, cut taxes or start paying the debt. The government hopefully will pay down the debt. If we are worried about companies not earning the government can always give us a tax cut. I think the best thing however is to pay off the debt. We are about to turn the corner in this stock blow off and yes the market can go down a little bit more but going forward I believe we are going to see the best 10 years that we ever seen in the history of the stock market. I also believe that technology, the banks and the health care stocks are the best places to be invested. Thanks for the suggestion of starting a Dell thread but I think the main one is doing ok now. Hope you are holding up well during this market set back. The turn is coming and everyone will be scrambling to get back in. Have a great weekend Warm regards frank