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To: Lee who wrote (122441)	5/5/1999 12:50:00 PM
From: GRANOLA	Respond to of 176387

lee, re: "those bimbos shown on the Ameritrade commercials" i resemble that remark :) oh, and i have mutual funds too :) but i NEVER go running during mkt hours... :) :) thanks for supporting my sentiments about mr levitt (the prostitute of conventional brokers IMO) :)

To: Lee who wrote (122441)	5/5/1999 12:53:00 PM
From: JRI	Read Replies (3) \| Respond to of 176387

Lee- agree with your comments about Levitt, CNBC...most telling (and often quoted statistic) is the fact that 80-85% of muni fund managers don't beat the index...and they are supposed to be the experts? I heard GM auto sales were down for April, but have seen other places that (overall) auto sales were up fairly strongly. What gives?? Heard an interesting guy this morning on the tube...(economist)...said that the last 3 years, U.S. economy has roared out of the gate (until April), and then softened in May, June, July....he is looking for same phenomenon this year, and lower rates by the end of the year....<G>...just thought I'd get that in.......tax refunds fueling 1st quarter growth perhaps?? If techs remain in the dumps for the next couple months, part of the (consumer) boom that the U.S. economy has experienced may ease....

To: Lee who wrote (122441)	5/5/1999 12:56:00 PM
From: GP Kavanaugh	Read Replies (1) \| Respond to of 176387

Actually, I think there are a lot of investors who don't have a clue. It sounds scary because it is, but a lot of people have an online trading account and buy stocks without even knowing what business they are buying. How many investors do you think know how to read financial statements? How many investors even know about bear markets? I think he had some good points, but unfortunately the only people listening were the people who didn't need to. the people who ought to hear his speech didn't even know about it much less care. GP