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To: DaveMG who wrote (14306)	8/30/1998 2:11:00 PM
From: limtex	Read Replies (1) \| Respond to of 152472

DMG - I suppose other have already said this but it seems to me that there is no possibility of any recovery unless and until there is a real recovery in Japan. Until that happy day in my view there is simply not enough inertia to stop the selling arising from the daily stream of what has been bad news but not really bad economic news for the US economy. One thing is however crystal clear and that is that investors and fund mangers are collectively scared stiff and getting more scared by each of these bad news annoucnements and in those circumstances who in his right mind is going to buy stocks. No-one, and what happens to the markets when there are no buyers? On a practical note does anyone know where on the web we can find figures of cash going into stocks and cash being withdrawn from Mutual Funds. That would be really useful and would if it was up to date tell us quite a bit. Regards, L

To: DaveMG who wrote (14306)	8/30/1998 2:51:00 PM
From: gdichaz	Respond to of 152472

Dave, Thanks for the tip of the hat. In no way am I suggesting that we may not be in for very difficult times for the "market". The problems in Russia, Japan, and Southeast Asia are very very real and will take a long time before there is major improvement - and further probs are very very likely IMO. But I am trying to say something different. Certainly not suggesting a head in the sand. But based on my own experience - I am not sure what I as an individual should do - sell everything now - half - a few losers - or winners. In other words, while I see short term difficulties which may well stretch out, does that mean I should sell the Q on Monday? Nope. Don't think so. While the overall "market" may be unfriendly, the Q IMO is worth buying and/or holding for the appreciation I see over the next 3 to 5 years. Could I be wrong, sure. But I see the trend for CDMA wireless as explosive growth and such growth does wonders for well positioned stocks - such as the Q - over a 3 to 5 year period. If the market is friendly, great. If not, not so great. But think the Q will do well relatively. The real question, IMO is what are the practical alternatives? Where else is the opportunity for comparable significant gain? Suggestions welcome. Chaz