a rant by me from another thread, but damned, on just now digging up the actual hard data i can demonstrate this is not rant, i am dealing in hard facts.Really:)
<<Just the dumb as a door knob funds etc. buying in,imho.Israel you should have major shorting opportunities down the road as i suspect all hell will break loose circa 1/15/2003 when the Funds have completed their task of bankrupting the U.S. as they MAKE Money on Handling the peoples money by stuffing it in the market.
I read someone say, it wasn't my idea, i know that.
But he said that he will see bottom when Mutual Funds start closing down one after another.
For those too young to remember, like 1970s/ 1980s and back, the Mutual Fund count was far far far lower then now.
Here i got the data, in 1982 we had, count 'em:)--- 340 equity Mutual Funds with 6.2 million shareholders, or 1 for every 1O families.
In 1998(and i am sure it exploded higher between then coming to 2000), we had 3,513 equity Mutual Funds with 119.8million shareholders, nearly 2 accounts for every single family in the U.S.
So why is money coming in on relentless bad news, because in the past 20 years this country ENSLAVED itself to the market; we are, due to this , imo, a far far far more vulnerable society.
And the data i just gave supports that view with vigor in my opinion. Max>> p.s. by the way americans INCREASED there holdings in the market over the past year. |
