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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Jack of All Trades who wrote (1064)	4/14/2000 10:06:00 PM
From: Chip McVickar	Respond to of 33421

Jeff, >>The question is are the funds liquidating here, or are they next??? There goes the US budget surplus I'm afraid...<< Good questions, I suspect the government will do everything it can to preserve the economies balance as we head into the fall elections. There should be a lot of political bantering and no crash unless this spirals out of control. Maybe after the election it will unravel faster..? I remember reading that the major mutual fund families all have redemption scenarios in place to deal with unexpected mass withdrawals from their various funds. Large lines of credit are established for this very event. Frantic redemption's from mutual funds next week should be meet with orderly selling, not panic by the funds. Chip