SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : MDA - Market Direction Analysis
SPY 671.930.0%Nov 14 4:00 PM EST

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: James F. Hopkins who wrote (2930)12/27/1998 8:10:00 PM
From: Haim R. Branisteanu  Read Replies (2) of 99985
 
Jim, Joe Six Pack likes funds not SPY J6P also thinks that an Index fund would take care of him in downturns <G>

Regrardles of SPY's who trades around $123.00 now buying 3 shares of SPY to your monthly 401K does not make as much sense to J6P as sending $400 to his index fund tracking the SPX.

Aside I am not sure that J6P knows of spiders at all otherwise how can you explain the substantial rise in assets in a "Fund for Dummies" <G> or VFINX

The index fund popularity brings me back to my assertion that as long as employement stays high so will be the market. This house of cards were J6P thinks that some Index fund is the equivalent of a CD, will come toumbling down at the first prolonged "dip" of more than one to two weeks.
BWDIK
Haim
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext