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Pastimes : Home on the range where the buffalo roam

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To: DaYooper who wrote (11138)	3/4/2001 11:07:05 PM
From: pbull	Read Replies (1) of 13572

I believe the premise that individual investors' actions can make Mr. Market go up or down is flawed. 1. Individuals didn't make the market go up or down during the contrived Asian mess in 1997. 2. Individuals didn't make the market go down in October 1998, and they didn't make it go up in the two months leading to Jan. 1, 2000, when Uncle Al dumped a couple of trillion into the financial system. And what about all that money that was going into the market through 401(k) plans, which the media said was helping to make the market go up? A lot of that money caught a fast shuttle to money heaven. The Nazdung didn't go from 5,000 to 2,000 last year just because some people redeemed mutual funds, for example. My point: We, as individuals, need to focus on our best ideas, long or short. Individual investment decisions don't move the market. Uncle Al and institutions do. All IMO. Hope it makes sense. PB

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