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Politics : Ask Michael Burke

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To: Knighty Tin who wrote (38287)	12/6/1998 7:14:00 PM
From: Skeeter Bug	Read Replies (1) of 132070

>>Inflows into funds since 1991 were $1.1 trillion. The increase in market cap is $8 Trillion. In other words, boomers didn't cause the boom and can't stop the crash.<< mike, i don't follow the logic here. a small amount of money in/outflows can have dramatic price increases/decreases. for example, if on monday morning a single sell at market order was received for $1.1 trillion then i'd expect the market to fall an easy $8 trillion. in a day. while we agree on the conclusion, i don't see where this data supports it. the crash will come when more people decide to sell than arecurrently buying. this may be a gradfual change or it may be a sharp turn. of course, we all hope for a sharp turn ;-)

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