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

To: peter michaelson who wrote (13509)	9/5/1998 11:04:00 PM
From: Phil(bullrider)	Read Replies (2) \| Respond to of 18691

peter, I didn't mean you were either unclear nor dumb. I simply did not understand your point. I have been saving all I could the last few years and will continue to do so whatever the market does. Most of the people that put money in mutual funds do so with automatic deductions from their pay checks. I simply don't see the rate of deductions changing, especially when a lot of companies match contributions at a rate of between 25% to 100%. That is a definite return on your investment wherever the money goes from there. I simply don't understand why you would think that people would save more now that the market is a slump, and how it would put a damper on spending in goods and services. Just trying to understand, Phil

To: peter michaelson who wrote (13509)	9/5/1998 11:53:00 PM
From: Market Tracker	Read Replies (1) \| Respond to of 18691

Peter, I don't know if the rate of savings will increase or not, but I'd bet many a 401-K plan or IRA may have it's funds re-positioned into more stabile investment vehicles than had previously been the case. The baby boomers, in the past, have been notoriously deficient in their savings programs, and the recent market declines are going to set some of them back quite a bit from their planned saving schedule. We are certainly going to be seeing a reduction in the "wealth effect" upon the general population, unless everyone is now short. (:-) MT