PSFT - Fiscal 1998 - Discussion for the next year Message Board

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Technology Stocks : PSFT - Fiscal 1998 - Discussion for the next year

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Oct 29 5:00 PM EST

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To: George L. Smith who wrote (2315)	10/1/1998 4:55:00 PM
From: Marq Spencer	Read Replies (1) of 4509

>Why would you say this? Once the index funds get into the stock there is no reason for the S&P to move the stock. It's the other way around isn't it? PSFT is now one of the driving forces of the S&P.< George, Your statement is only partially correct - it would be 100% accurate if nobody bought or sold the S&P 500. But as many have pointed out, there are funds that mimic the indexes. If money keeps flowing into these funds, they'll drive the stocks that are part of these indexes, rather than the other way around. - Brian.

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