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Strategies & Market Trends : Steve's Channelling Thread

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To: Sam who wrote (2576)	6/20/2000 3:15:00 PM
From: Zeev Hed	Read Replies (1) of 30051

Sam, I have thought a lot about this stupid notion. The SS is supposed to be invested in the least risky instruments, not speculate in a market priced at a 30 PR. We may go into a period like the 1966 to 1982 period in which the dow was locked in a range of 500 to 1000, that is 16 years of no returns. If the plan comes through, it will make a bad situation worth. Probably the money will be limited to investment in index funds like the SP 500, further narrowing the market breadth, thus making a future decline more catastrophic. You will have transfer of wealth from the retirement funds to the options receiver (they are the one that will unload everytime the market will get above the 12,000 area in the Dow). Zeev

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