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Politics : Ask Michael Burke

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To: Knighty Tin who wrote (59997)	5/20/1999 6:18:00 PM
From: BGR	Read Replies (1) of 132070

Michael, The NDX100 has appreciated some 80%/annum recently. I can live with that kind of *average* return, specially when it requires no effort on my part (now beat that!). I do see that you have wisened up recently as well, with QQQ call purchases and all. :-) The S&P500 was no laggard either. 401k plans are very important to a huge majority of market participants. That's where all their money is. I posit that that money should be in index funds while mutual fund managers get a real job. More and more takeovers are being done with stock swaps these days. Debt is used more regularly for stock buybacks instead, AFAIK. -BGR.

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