This is not about y2k but its interesting that this broker is stating to put more of your portfolio into a cash position.

Morgan Stanley said Thursday investment strategist Byron Wien added MCI WORLDCOM INC to its U.S. fresh money buy list and dropped WASTE MANAGEMENT INC. The fresh money buy list is the firm's list of recommendations for new investment. In Morgan Stanley's U.S. model equities portfolio, Wien removed its one percent positions in ALZA CORP, WALT DISNEY CO, NORDSTROM INC, LOCKHEED MARTIN CORP and CENTOCOR INC. Earlier in the week Wien called on investors to take some money out of stocks and put it into cash, raising his recommended cash level to 20 percent from 15 percent. No further details were available. (Reuters 09:37 AM ET 07/08/99)

-- y2k dave (xsdaa111@hotmail.com), July 11, 1999

Answers

Dave,

Well, look at the freaking market! Is it crzy, or what? 20 percent cash is nothing. The analysts know they are lying through their teeth--unless they are completely stupid. Or are they completely stupid? Furthermore, it's only the indexes that are rising like balloons. Bizarelly, most individual stocks have NOT done well. This yeast-like rise comes from a few off-the-wall stocks. IN the Nasdaq, of course, it's the non-earning Inernet stocks... I am 80 percent out, but still holding a few used-to-be solid stocks that are sliding down. I wanna see if I can get one last blast out of them. Risky? Does it matter? I'm not gonna hold that much moldy cash. It's bulky. Gold? Ca you eat it?

-- Mara Wayne (MaraWAyne@aol.com), July 11, 1999.