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Pastimes : The Justa & Lars Honors Bob Brinker Investment Club -- Ignore unavailable to you. Want to Upgrade?

To: DD™ who wrote (11711)	2/4/2000 2:26:00 PM
From: w0z	Read Replies (1) \| Respond to of 15132

You are seeing the results of massive blind investment in S&P index funds over the past ~10 years...most of the stocks in these funds were bid up to unrealistic levels in terms of PEG or other rational valuations (a simple indication of this is the market increase for stocks just going into the S&P...sometimes nearly 10% in one day). The market is now realizing real value is to be found not in index funds or their component stocks, but in the mostly undervalued stocks that have been left out of the action thus far. Value is there but it ain't in the big index funds...