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To: DaYooper who wrote (11138)	3/4/2001 2:50:56 PM
From: mishedlo	Respond to of 13572

Talked with a friend last night that works for Merrill Lynch. He said that 60% of the cash inflows to Merrill during the month of January went into money market funds. The discussion revolved around the battle between traditional valuations vs. the supply and demand equation with equities. What will happen when this money decides to come back into the market from the sidelines? Unreasonable PE expansion is the alternative we could arrive at? Any other thoughts? What happens if it stays out and agressive growth fund redemptions are needed to pay taxes. Could we not see the 180 degree reverse of what happened to value funds a few years back? M

To: DaYooper who wrote (11138)	3/4/2001 10:51:43 PM
From: LLCF	Respond to of 13572

<What will happen when this money decides to come back into the market from the sidelines? > I'm more than a little interested to see what happens to "cash on the sidelines" after tax time. I've got tons in a MM waiting to flow to uncle sam. That said... it should certainly help fuel the next rally as well no doubt. Gonna be an interesting year... the I-Banks are dying to pump out billions in deal to soak some up that's for sure. DAK

To: DaYooper who wrote (11138)	3/4/2001 11:07:05 PM
From: pbull	Read Replies (1) \| Respond to of 13572

I believe the premise that individual investors' actions can make Mr. Market go up or down is flawed. 1. Individuals didn't make the market go up or down during the contrived Asian mess in 1997. 2. Individuals didn't make the market go down in October 1998, and they didn't make it go up in the two months leading to Jan. 1, 2000, when Uncle Al dumped a couple of trillion into the financial system. And what about all that money that was going into the market through 401(k) plans, which the media said was helping to make the market go up? A lot of that money caught a fast shuttle to money heaven. The Nazdung didn't go from 5,000 to 2,000 last year just because some people redeemed mutual funds, for example. My point: We, as individuals, need to focus on our best ideas, long or short. Individual investment decisions don't move the market. Uncle Al and institutions do. All IMO. Hope it makes sense. PB