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Gold/Mining/Energy : Precious and Base Metal Investing -- Ignore unavailable to you. Want to Upgrade?

To: Andrew who wrote (17045)8/18/2003 12:49:03 PM
From: tyc:>  Read Replies (3) | Respond to of 39344
 
>>>S&P looking like its rolling over now. Volume is very light, .... this can turn on a dime.

Well of course it can turn on a dime... it can even sink to, say, 600. But so what ? Does that mean the s&P has no investment merit ? Does that mean it should be shunned in favour of cash ? What does history say of relative investment merit ?



To: Andrew who wrote (17045)8/18/2003 1:54:30 PM
From: TheBusDriver  Respond to of 39344
 
As long as the S&P index funds et al in all those 401k's out there are returning 12 - 15 percent per quarter nothing is going to change.....once John Q. Public sees his index funds going negative, then a sea change will happen. Bummer is for the 401k guys is where do they put their money? Cash? (that should get tyke going!<g>) Most 401k's do not offer a PM fund....

Sure glad my 401k is now an IRA....

Wayne


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