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To: bill meehan who wrote (93930)	4/13/2001 6:07:40 PM
From: Haim R. Branisteanu	Read Replies (1) \| Respond to of 436258

Bill more and more I think that for the long term just buying the indexes makes more sense than ever, for sector investment just by the spiders. Buying "growth companies" etc. is rolling the dice for those not active on a daily basis. What is growth now is disaster tomorrow. When to sell is also quite a difficult task, even more so as to when to buy. To many stocks with valid products and profits went to the moon only to crater from oversupply. WS analyst are sales people and many ignore that WS is not what once it used to be. I remember in the 80's pouring over balance sheet was easier than now and one was able to identify hidden treasures, at the time I was able to make money out of that ........ until Gabelli introduced the "imaginary value of POP" in telecom companies ..... and the rest is history ......... it went to extremes like valuing " Eye Ball Hits " now with the new accounting gimmicks companies hide fluff and unpaid receivable, bad investments dead inventory and shore up quarterly earnings by "adjusting" their pension funds surplus ........ or just smoothing out ......... it is all a farce ....... real world is not smooth and earnings go up and down ........ no smooth sailing there. Best of luck Haim