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Technology Stocks : America On-Line (AOL)

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To: Steve Robinett who wrote (5414)2/22/1999 10:57:00 AM
From: Brian K Crawford  Read Replies (1) of 41369
 
<< You comment, there will be inflows into the market til 2008 at least...
I assume you mean the baby boom inflows. Of course I agree. Indeed, that liquidity may keep the entire market overvalued for some time (and later make it sell undervalued as boomers withdraw retirement money) but what does that have to do with any particular stock, for example, AOL? >>

I believe a huge chunk of the future inflows will come thru S+P 500 type index funds. The index is cap weighted. Success at the company level will cause greater representation in the index.

Therefore the favorable bias we have seen for big cap growth may continue, and even accelerate. It will be "institutionalized".

So buy the dips for a few more years.

Brian
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