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To: Nancy who wrote (51729)	9/7/1998 7:07:00 PM
From: MonsieurGonzo	Read Replies (2) \| Respond to of 58727

Nancy; RE:" nifty fifty " >Personally I wish the market drop more so some of those overvalued stocks can come into buy range... ...like, GE @ 70 ? 60 ?? (^_^) I especially like the phrase you used: "negative wealth effect", Nancy. It expresses many complex things in an elegant way. >Other than some LT holdings, I am at the sideline and watching... My core is 25% of kapital right now; the remainder is in time deposits of one sort or another. I have liquidated all my LEAPs, so the core is all simple equities. One-Third of these are EuroADR's. I truly wonder whether Greenspan can/will cut the US FedFunds rate (before the end of the year), unless Tietmeyer goes along with a similar rate cut for the (German Bund) Euro ? -Steve