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To: Mike M2 who wrote (161362)	4/22/2002 11:18:54 AM
From: KeepItSimple	Read Replies (1) \| Respond to of 436258

This is the fundamental truth of any ponzi or pyramid scheme. EVERYONE can't get rich, because then nobody would be rich. If we give every human on earth $1,000,000 dollars cash, the first thing that would happen is that a loaf of bread would cost $10,000 dollars. Don't think so? Good luck standing in line to buy a $60,000 porsche when there are 2 billion people who also want one and can "afford" it now because they're rich. LOL. ----------------------------------------------------- In the aggregate the public cannot beat the market because the public is the market

To: Mike M2 who wrote (161362)	4/22/2002 11:36:36 AM
From: Bid Buster	Read Replies (2) \| Respond to of 436258

<<If I put 10,000 in the DJIA in 1929 by 1954 I still had $10,000 nominal dollars with deflated purchasing power. In 1966, if I put $10,000 in DJIA by 1982 I still had $10,000 with significantly with significantly less purchasing power..>> While it is true if one bought the top in '26 they broke even in '54 not adjusted for inflation..but adjusted for inflation it wasn't until '66 they had a real inflation adjusted gain and if they didn't sell in '66 they sat on a loss till '82. but thats all moot with the index shell game as so many companies just went away only to be replaced with the next perceived winner.. the truth is most never re-cooped their losses.