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Politics : Ask Michael Burke
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To: S. maltophilia who wrote (38871)12/10/1998 10:38:00 AM
From: Ilaine  Read Replies (2) of 132070
 
Excellent point. I have made the point here several times that federal employees retirement plan that invests in the stock market buys something approximating S&P 500. Don't know the exact breakdown between stock fund, bond fund, and money market fund, but the agency says total in all three = $6 trillion.

So, a rising tide does not lift all boats, just the S&P 500.

ho, ho, ho
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