To: Lizzie Tudor who wrote (15702 ) 1/2/2003 4:28:45 PM From: James F. Hopkins Respond to of 19219 First off it takes a lot of money going into stocks, just to keep them from falling, market overhead is a lot more than most people think. There is the spread, the commission, and the ( employee option racket that continues to put more shares on the market ). --------- What I'm saying is for a new bull market to get a foot hold it takes NEW MONEY.. and more than you likely think, old money swapping places is not going to return us to new bull market. --------- Now I'll go on record to say that the stock market has to have enough new money coming in to replace the total market cap value every 15 to 20 years just to keep from falling It can and does do that from time to time, and when it does we go up. ----------- Market indexes are rigged over time to not show all the money that went to money heaven, that is the reason that most ( 85% ) professional money managers can't beat the S&P index. ------ While John Q retail buyer or JP6 is still taking the heat, and getting the rap for causing the big bubble, that' all horse shit. The big stupid buyers had a TON of Money, and they just happened to be State, County and City pension funds, ( TAX money. ran the market up ) they were giddy with all their surpluses back in 2000.. The Wall street racketeers have ripped off over 5 trillion dollars from State type pension funds and have the mullets who manage them by the short hairs, knowing damm good and well those suckers can't afford to yelp. -- They also have their sights on the Social Security trust fund..and they will likely get their green greedy hands in that jar too..as they generally get what they want. -- Meanwhile it seems people just go on believing that every thing is on the up and up, for the most part they would rather have the lie than the truth. Jim