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To: Ilaine who wrote (30)	3/20/2001 1:41:29 PM
From: chic_hearne	Respond to of 443

If the money never existed, was it a hallucination? Ask someone nearing their retirement that's down 50% over the last year. Don seems to be arguing that the money just changed hands, you are saying it all went to money heaven, and I think the answer is that both things happened. I'm the one that's right. -ggg- There is never a finished transaction in the market. It's in a infinite state of motion. Therefore, it's hard to quantify the "money just changing hands". What is that amount? It certainly is not the $8 TRILLION the Naz was worth at one point, but that doesn't mean you couldn't have sold out of the Naz at the top and got the price "as if" there were a real money base of $8 TRILLION. In a sense, every dollar in the market has one foot into money heaven.