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Strategies & Market Trends : John Pitera's Market Laboratory

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To: John Pitera who wrote (3396)3/7/2001 4:06:30 PM
From: Chip McVickar  Read Replies (2) of 33421
 
John,

Greenspan's on record for saying that he raised rates all last year because the savings levels were so low.

>>Large size of continued growth disturbing given negative savings and down equity markets. <<

Maybe he doesn't understand what we have been doing with our savings over the last 6-10 years. Going into the equity markets, and looking forward long term, like 20-25 years out. Every month so much of a check gets pumped into various vehicles of retirement accounts.

Hope all these folks are smarter investors then the 95% of the mutual fund managers who can't beat the S&P500, and that these investors know when to move from equities to bonds or cash.

I do agree with Hitt, the mutual fund industry could become a real problem in the years ahead.
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