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Pastimes : Ask Mohan about the Market -- Ignore unavailable to you. Want to Upgrade?


To: Ahda who wrote (17668)3/17/1999 7:35:00 AM
From: Mark Ivan  Read Replies (1) | Respond to of 18056
 
Darleen,

Well gee... I am counting on a correction but I hope it is not 35-65%!! I have been slowly selling all my stocks and mutual funds as we approach 10000 (only holding my technology fund), but I still hold a lot of stocks in other accounts. I no way can see that type of correction in todays enviroment, at least not QUICKLY. There is just TOO much money people plow into stocks month after month religiously. Heck, I am one of them. We could see that type of drop over a few years as the baby boomers start tapping into their funds and a snowball starts rolling where noone wants to see their retirements melt away.

MArk