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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: UnBelievable who wrote (55575)1/9/2001 9:36:01 PM
From: chojiro   of 436258
 
Hi Thanks for posting that.

At the risk of sounding naieve, could someone explain the roll that all the 401K money will/does have in the market?

If there si a constant inflow won't this continue to inflate the bubble? The money has to go somewhere, correct? Most likely candidates would be the bigger techs, but again, that would only continue to put high P/Es on an inflated market already.
Thanks.

BTW, I thought Volcker had retired and greenspan was his "understudy" Do you think that Volcker would really be raising rates back to double digits?
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