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Strategies & Market Trends : Ultra OTC Fund - UOPIX -- Ignore unavailable to you. Want to Upgrade?

To: Bernie Goldberg who wrote (1025)	12/22/2000 12:37:26 AM
From: James F. Hopkins	Read Replies (1) \| Respond to of 2063

The More shifts to waht ever they are looking at ; at the time. The reality of the down turn still hasn't come home to a lot of middle class mutual fund holders. I know a bunch who don't pay a lot of attention to the Dow..or such , they count on the fund managers to manage. :-) When they get the end of year statements with the Cap gains TAX on it and see where they are compared to a year ago taht will get their attention. ( this is the gang that has been trained to buy and hold ) A lot of them are going to look back for two years and find out they could have done better in CDs, & quite a few of them will find a lot less eggs in their egg nest. So the question is What's going to happen when ( Mr & Mrs buy and hold get their year end statements ? ) -------------- It's only scary for them looking and trading & that is such a confluence of things picking the more is beyond me, but I would wager what ever it is the "more" for most people is not what it should be. -------------- As for me I'm worried most about what I don't see , and what's not being said. -------------- State "pension funds" are bound to have huge losses that they are not about to talk about it until it's way to late. The news is all focused on Federal Taxes, yet we pay more State and City taxes in a million hidden ways, and they are fixing to go up to make up for the Pension fund losses. Jim ----------------