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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Greg Jung who wrote (44098)	3/25/2000 6:33:00 PM
From: Monty Lenard	Read Replies (1) \| Respond to of 99985

Greg, <Just for a random example, Dana Corp (DCN) notice volume increase to double the previous level.> I can assure it it was not IRA money that did it. "In 1999, investors invested $225 billion dollars into equity mutual funds. This enormous amount, when broken down, amounts to 2 trading days based on the current volume of the U.S. markets. That 'inflow' is a net of all funds; retirement funds represent a minority of that number, calculated by the ever-optimistic Merrill Lynch as less than 30%. Retirement money is not that big of a factor when calculating new investment." Monty