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Pastimes : Ask Mohan about the Market

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To: tekgk who wrote (7032)	11/4/1997 9:36:00 PM
From: Bonnie Bear	Read Replies (1) of 18056

tek: I logged to Schwab, one of the daily news reports noted two significant earnings events for the week: cisco and AOL. Since when did anybody start caring about AOL EARNINGS?!!? Maybe you should reconsider a short in that general direction. Note, tho,. that like many of our beloved bloated beasts, it is tied to the S&P, so pension funds continue to throw it money through their index-fund purchases. Check out the all-star list on the S&P midcap 400: stockinfo.standardpoor.com The big mutual funds only buy from the S&P list as they know the pension plan index-fund purchases will always bail them out of trouble, no matter how worthless the company is. Maybe it's time for S&P to tighten their delisting requirements.

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