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Strategies & Market Trends : Piffer OT - And Other Assorted Nuts -- Ignore unavailable to you. Want to Upgrade?

To: The Phoenix who wrote (11308)	12/31/1999 12:13:00 PM
From: Dana Johnson	Read Replies (1) \| Respond to of 63513

I've been wondering what percent of the market is held through 401k's and other tax sheltered vehicles. Seems like tax deferment should be declining in general... except maybe for the impact of company stock options. ???

To: The Phoenix who wrote (11308)	12/31/1999 12:20:00 PM
From: Jorj X Mckie	Read Replies (1) \| Respond to of 63513

I think that it is a good possibility. I am buying things at support right now. But there is also a lot of money coming into the market at the same time. People that are higher income types can start contributing to their 401Ks again next week and then there is a lot of money still waiting on the sidelines in anticipation of Y2K (me included, though less than I had planned). I think the profit taking will be met by inflows. On the technical side, I believe that the e-wavers are calling for a cycle high on January 3rd. Also, we have strong indication that y2k is a non-event even in the second and third world. This should fuel some sort of rally. On the bearish side, I believe that the fed is going to stop pumping money into the market, which is probably what has kept the market propped up for the past couple of months. Overall, I am bullish. JXM