Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: Tom M who wrote (35902)	1/1/1999 12:51:00 PM
From: Bonnie Bear	Read Replies (1) of 94695

Well..the numbers seem to suggest it.. the stats on 401Ks are pretty grim...a large majority are invested into money-market or stable value funds, matched with (usually smallcap) employer company stock...and it is cashed out and spent when employees are laid off, rather than rolled over. Both LMT and Boeing are having large plant shutdowns and tens of thousands of layoffs, and a number of the telecoms are also laying off. I keep looking at the amount of money in 401Ks etc and the market cap of the big caps...it doesn't match...if everybody in the US pulled their 401Ks out and cashed them in, it wouldn't crash the market. Who owns the stock? Just how large is this Ponzi scheme of stock buyback? . Does anybody on the thread know?

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