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Non-Tech : Auric Goldfinger's Short List -- Ignore unavailable to you. Want to Upgrade?

To: Street Hawk who wrote (4847)	3/12/2000 2:19:00 AM
From: big run	Read Replies (1) \| Respond to of 19428

i agree....people are throwing out the baby with the bathwater i think. flip through the charts of the SPX and you'll see what all the funds have been selling. not a pretty sight. is it nothing but a game of chasing the dollars at this point??? the funds have to post as big of numbers as possible to get the money going into them so like you say...everyone wants a piece of the pie. i'm a lot more cautious on the shorts. i've been waiting an extra day before selling and sometimes not selling at all. i'm becoming a bit of a spectator i guess. it sucks!!! i'm mostly in longs now where up until recently i've been mostly short. i guess that could be an omen! i am my own worse enemy at times....

To: Street Hawk who wrote (4847)	3/12/2000 11:04:00 AM
From: Mama Bear	Read Replies (2) \| Respond to of 19428

Streethawk, I read somewhere that inflows into all qualified plans was equal to about 2 days dollar volume of US stock trading. To me, 2 days per year of volume is not that significant. By definition, that money must increase arithmetically because no leverage can be employed. Since there is no so called wage inflation, and by regulation contributions are capped, the only new increases can come from those who decide to join the frenzy. As stock prices go up though, the increase in the amount of funds needed to hold up the price of a stock increases geometrically. Unless I'm missing something, the above mean that 2 days volume can only decrease if the market goes up. I think the impact of qualified money on this market is drastically overrated. Perhaps I am missing something? Another question I have is, "Won't at least some of the baby boomers be tempted to retire early since they have seen their retirement funds increase so quickly? Regards, Barb