INTEL TRADER Message Board

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Technology Stocks : INTEL TRADER

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To: John Harton who wrote (4842)	12/13/1998 8:38:00 PM
From: Gersh Avery	Read Replies (1) of 11051

Hi John Re Laundry list You are correct about having a list to choose from. Many 401k programs do not even have the option of money market (cash) funds to choose. For those folks, the only choice is which mutual fund does the money go into. Most folks do have some sort of cash option. Folks can elect to change the amount and direction of 401k contributions. For instance, in the program that I'm involved in, I just switched all accumulated funds from a small cap fund to the "fixed interest" option, along with redirecting all future contributions to this same option. I believe that what these outflows represent is the small guy deciding to take some chips off the table. Cash being moved from stock funds to cash funds. If this is indeed a market top then Joe six pack has learned to sell the top .. Not good news. Gersh

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