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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: Joan Osland Graffius who wrote (54105)	6/12/2000 11:14:00 PM
From: Hawkmoon	Read Replies (2) \| Respond to of 116762

When this happens most of the money will be made, just like the oil stocks To a certain extent I agree. But then I also have to disagree because until that money from the pension funds starts to regularly flow into these sectors, only a small percentage of the "easy money" will have been made. That's the problem with this market though. The pension system is set up to favor only a relatively exclusive segment of the overall market, namely the more liquid big cap stocks. And the resulting flow of huge quantities of investment money into only the upper crust of the equity markets creates these bubbles that eventually get popped as money rotates to new companies or sectors. We need to see more emphasis on holding a broader array of the overall market, especially in the small cap sector, which I feel is under-represented. We've essentially seen a major bear market in the broader market for the past several years as bonus sniffing mutual fund managers play "monkey see, monkey do" in the big cap stocks. And anyone who thought the price of oil would remain at $5/barrel was delusional, or possessed an underwhelming appreciation of the monopoly power of the OPEC cartel. Regards, Ron