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To: KeepItSimple who wrote (81758)	12/30/1999 7:39:00 PM
From: Crimson Ghost	Read Replies (1) \| Respond to of 86076

Some thoughts from Sy Harding on index manipulation: QUICK HISTORY! So what that the market (the Dow and S&P 500) always come back? It's not the same stocks that come back! They replace the lagging stocks in the indexes with strong ones so often that Wall Street's assurances that the market always comes back, mean nothing regarding whether an investor's portfolio will come back. For instance, 43% of the stocks in the Dow just 10 years ago no longer are in that index. Three hundred stocks, 60% of the S&P 500 of 20 years ago, are no longer in that index. Think about it. They don't even manage the indexes on a buy & hold basis, because it wouldn't work. Yet they have the chutzpa to tell you to simply buy and hold. (It won't work for you any better than it would for the indexes). It's interesting that the four Dow stocks that were replaced in 1997 would have contributed a gain of just 110 points to the index had they stayed in. But the stocks that replaced them have added 655 Dow points. Don't let then snow you with their self-serving but false slogans. Be street smart.