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Politics : Ask Michael Burke

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To: wlheatmoon who wrote (43937)	1/19/1999 4:35:00 PM
From: Bonnie Bear	Read Replies (3) of 132070

MKC: the problem is in the "investments" going into those retirement funds. My old plan had novellus and micron...There was no option to get utility stocks or REITs or convertible/preferred or even smallcaps. So the plans have a ponzi scheme with their client companies, to buy the overpriced stocks and put them in the retirement funds. And IMHO the big guys are making the money on the options, not the stocks. This thing called "volatility" takes care of the overvaluation. And the people stuck in these stupid plans realize that they have to trade the few funds and company stock in their 401Ks to make money, which only increases volatility. IMHO we are not moving into an era of permanently higher prices....just higher overall volatility, similar to the 60s and 70s.

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