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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: chic_hearne who wrote (77944)3/9/2001 1:10:05 PM
From: Ilaine  Read Replies (4) of 436258
 
I would love to see statistics on the number of people holding mutual funds that passively track the S&P500. It's common wisdom - ask your doctor, dentist, or lawyer whether he/she has some. Ask the guys who have been in the market for a long time, the buy and hold types. Government retirement funds all hold it, big institutions all hold it. Every time the S&P 500 starts to tank, someone big steps in. No way they're going to let that baby crash. It can go down, obviously, but whenever it spikes down, someone steps in.
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