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To: Dennis who wrote (67043)9/23/1998 9:56:00 PM
From: Mohan Marette  Respond to of 176387
 
Ref:Boomer$$$$ and the market and money flow.

Dennis: You are correct sir.

I belive it was NBR who reported the other day (or was it CNBC?) that money is still coming into the market,matter of fact to the tune (that is music-speak) of 9 billion dollars per week (year to date) but lately 1/3rd of it has been going to the money market,1/3 going into bond funds and remaining going into to stock funds,normally stock funds gets the chunk of it but the thing is money is still flowing into the market but a lot of it is being parked in money market and bond funds during the last few months and you know 'they'll be back' to the stock funds as soon as the summer is over and the market calms down a bit which could be any day now.

Another important thing they have pointed out is that out of the 2 1/2 trillion dollars or so in the mutual funds only 9 billion came out of the market during these turbulent times in the market.Now you do the math, I think it is less than 1% which means nobody is panicking and majority of the investors are in it for the long haul as they should.