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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?

To: Crimson Ghost who wrote (79566)	6/16/2002 10:13:54 AM
From: ChrisJP	Read Replies (1) \| Respond to of 99280

There has been very little net outflow as yet from mutual funds considering the horrible market action. Only if you expect inflation and unemployment to rise dramatically. Especially unemployment. Otherwise, most working Americans will continue to dollar cost average via IRAs and 401Ks some of their saving into equities. You gloom and doom guys have to remember -- unlike the 1930s and 1970s, a lot of money coming into the markets now is money that isn't needed to pay the rent and buy food. Unlike the 1930s and 1970, baby boomers are inheriting a lot of money from their dying parents. This windfall is being used to buy things like houses and cars as well as for retirement savings -- some of which is in the form of stocks. Speaking of the 1970s -- maybe you guys should look at some charts and see how stocks went from overvalued in 1970 to undervalued in 1980. I'm pretty sure the DOW and S&P 500 traded in a range for 10 years until profits caught up with prices. They didn't nosedive to their proper valuations. Regards, Chris