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To: junnie who wrote (90715)	4/5/2001 9:19:07 PM
From: Roads End	Read Replies (1) \| Respond to of 436258

But, Joe and Mary are leaving the work force in 1 to 10 years. How much risk does Joe and Mary want to gamble knowing there are millions just like them that will be big time sellers as they gracefully retire?

To: junnie who wrote (90715)	4/5/2001 9:41:13 PM
From: Lucretius	Read Replies (2) \| Respond to of 436258

that post is so completely clownish that i had to punt you..... check the sign at the door next time...

To: junnie who wrote (90715)	4/5/2001 10:33:32 PM
From: LLCF	Respond to of 436258

<We saw Joe and Mary Smith putting their retirement money into the market. At that moment the market ceased to be something for the more privileged and became something for the mainstream. Money moved into mutual funds at record rates, and money will continue to move into the markets at above historic rates. And for anyone who understands the law of supply and demand they realize that if Joe and Mary Smith continue to put their retirement money into the stock market then what we have here is more demand than we have historically seen and therefore higher P/E's.> Actually, for anyone who has studied stock market history... this is known as the "greater fool theory"... or as chronicled here on SI, the "modified greater fool theory", to include demographics. DAK