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Strategies & Market Trends : P&S and STO Death Blow's -- Ignore unavailable to you. Want to Upgrade?

To: LTK007 who wrote (16829)	11/23/2002 6:03:20 PM
From: t2	Read Replies (1) \| Respond to of 30712

Until the 1990s the % of public money in the market was far lower thru out history(mind you in late 1920s ONLY 20% of public was in the market, and 90% of all monies invested were from 10% of the public). Probably the best argument for a prolonged bear market. Any idea what the market particpation numbers are now?... it has to be over 50% (guess).

To: LTK007 who wrote (16829)	11/23/2002 10:58:34 PM
From: nsumir81	Read Replies (1) \| Respond to of 30712

In Barrons in late Sept, I read about some study that indicated (don't know how this is done, but it was) of the dollar-cost-averaging effects of those who invested in the '90s (in their section on funds, money flows into bonds, equities etc). It was showing that the bear market was VERY close then in late September or so, to reaching a breakeven point where some critical mass of investors who invested through the '90s and not just the late '90s, would actually start seeing losses (not just reduced gains). It mentioned that the study researchers said that this was very critical since it could trigger massive outflows once these earlier investors would see that they were actually losing (not just gaining less). I guess this rally has prevented that from happening, so in that sense this is critical to keep the masses engaged and not get them to redeem in droves. So in that sense, and given consumer confidence issues, this rally has a bigger purpose to it.