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Strategies & Market Trends : Roger's 1998 Short Picks -- Ignore unavailable to you. Want to Upgrade?

To: Phil(bullrider) who wrote (13508)9/5/1998 10:48:00 PM
From: peter michaelson  Read Replies (2) | Respond to of 18691
 
Phil:

My apologies for being either unclear or dumb. What I mean is that people haven't had to put that much into mutual funds - their portfolio has gone up without that. Therefore they didn't need to save that money but could spend instead.

Now they will need to save which they have not been doing previously. This money will go into banks and bonds, instead of into cash registers. At least that's what makes sense to me.

peter



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