To: im a survivor who wrote (12966 ) 5/8/2004 7:28:34 AM From: Sig Read Replies (1) | Respond to of 13815 I have has some kind of small investment in the market for 50 years. The experience is not much help, except for a realization that one must always protect a nest egg, a way to fall back. Could be income, could be the ability or confidence to get a job, whatever. There have been major changes in equities performance in recent years especially since the spread of options to nearly every stock. Those give huge leverage to people or organizations with money- to those who control the market and stock prices. And the rich get richer, even during the recent downturn from the year 2000. These people are not our friends nor do they have any concern for the health of the economy or the government entities. To them we are ignorant suckers to be plucked clean and manipulated by paid analysts. I am talking big rich and big smart. The fact that a fund has billions to paly with does not make them a member. All the investments of Calpers, of policemens retirement plans, of 401 K plans, of college funds, of company retirements funds , of brokers funds are at severe risk in equities. Fair game and winner take all. And government oversight is practically nil but improving just a litte in regard tro company crooks. Some suggestions might be to beware of of momentum stocks with large caps, take profits even if they are not large, sell the news, and buy stocks when they are down, really down. Another way is Buffets way, invest long term in good stocks to hold for years and ignore the churning. But that is risky too If you observe the Janus funds, they typically have one or two stocks that are down 90%, which ruins any plans to beat the Dow average return. Sig