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To: GST who wrote (144669)	8/4/2002 3:10:40 PM
From: Bill Harmond	Read Replies (1) \| Respond to of 164684

Most people arent selling, GST. These are retirement accounts. If they sold out they wouldn't have a feel what best to do with the preceeds (a 1% return doesn't get anyone to retirement), nor any feel on when to return to stocks. Plus almost all realize that they are dollar cost averaging, and know that their employers' match is in stock anyway. My 401k ran thru three bear markets and none of the people I worked with did much other than grumble and reationalize we were getting more shares for our money.

To: GST who wrote (144669)	8/4/2002 3:22:26 PM
From: Lizzie Tudor	Read Replies (1) \| Respond to of 164684

hmm, well you may be right. I don't know too many mutual fund investors, since I hang with the tech crowd. I'm kinda waiting for capitulation in RE around here. Thats where the real denial is, because people can't see what the value of their house is on a daily basis. Huge numbers of houses are for sale but at last year's levels. So they're sitting around. L

To: GST who wrote (144669)	8/4/2002 4:43:16 PM
From: John Chen	Respond to of 164684

GST,re:'come back'. Only if they accept the reality: this is 'food-chain economy'. One needs to understand where in the food chain one is in before committing any fund to the pool. Even the financial industry is pretty clear on that (only in fine print, of course). When they tout 'long term average is 8-10%/year', please understand where you are on the 'average', if someone else is 'averaging 10-15-30-50%, you maybe the one who drags down the average by having -10,-5,0,or 1%. So 5.4% 5 year CD is really attractive to me. Comparing to -30%. There are all kinds of fishes(food chains), it was dot-con, tele-con,RON-con,world-con, up and coming is real-con or RE-con, make sure you check your standing in the food-chain. The FED will continue to feed the food chains as it sees fit. Or in Craig's observation, string-pull by certain conspiracy. Maybe the FED is funneling money to support some kind of war. I hope it is for the right course. I've faith in gov.'s ability to lead us out of any mess. Hmm, just read an article that 'Tomkin may never happened'. You know, the incident which dragged US into Vietname war. Wooow! You just don't know. Sometimes it's pure luck, to be on the right track.

To: GST who wrote (144669)	8/4/2002 11:12:18 PM
From: Victor Lazlo	Read Replies (1) \| Respond to of 164684

I agree GST, she's probably in the majority. These stories of people being 100% in their employer's stock and losing 95% of their retiremnt savings are good stories for the media to jump on, but they are surely the exception. In fact i remember on more than one occasion during the bull mkt reading stories about how many people in their 20s and 30s and 40s were being far too conservative and having too much of their 401k $$ in cash and bonds and not nearly enough in stock mut funds, given their age. I guess they had the last laugh.