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To: smolejv@gmx.net who wrote (21091)	7/10/2002 6:56:31 AM
From: Muthusamy SELVARAJU	Read Replies (2) \| Respond to of 74559

Folks, There's something unusual about this S&P500 reweighting: a) why are there so many gold mining stocks, even if they are non-US stocks being dropped at the same time; b) why did Merrill Lynch include INCO in its Focus List as recently as June 26th, and perhaps most interestingly, c) why the big hurry, to do this reweighting on July 19th, the same day of the expiration of the July options....I feel this is no coincidence, btw... Very suspicious, esp when so many hedge funds are involved on the S&P500 index as well as both the incoming as well as outgoing indexes. I do not understand the choice of the stocks being let in either....e.g. ERTS, has anyone made any money on this stock..... All very baffling to the uninitated... Selva

To: smolejv@gmx.net who wrote (21091)	7/13/2002 12:15:48 AM
From: Maurice Winn	Read Replies (2) \| Respond to of 74559

<<I'd have had to keep cash on the side, which is of course borrowing - cash is just a debt...<< <Huh?! If you could not borrow, you would need to have cash... - whose cash? - If it's your own cash, it's called savings.> By that I mean money is an IOU, by the community to the person holding the cash. A greenback from Greenspan is just as much a debt as any other. People forget that money is just a debt and a debt is a promise to do something for somebody else and promises get broken, which is why there should NOT be a premium on shares instead of cash. Shares are a promise of community stability and continued value of assets and ownership of those assets, which is easier for a government to promise than continued value of a paper promise called money. Mq