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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Stock Guru who wrote (24169)	10/27/1997 6:09:00 PM
From: Skeeter Bug	Read Replies (2) \| Respond to of 132070

sg, wait until the boomers see their 401k statement this q ;-) those flows may dry up ;-) i just hope some of the brain dead analysts get fired. they say up up up. they'll say that no matter what b/c they're dolts. it just so happened that the market has agreed for a long time. not anymore ;-) now the other dolts will see this emporer has no clothes. then again, maybe not ;-)

To: Stock Guru who wrote (24169)	10/28/1997 10:12:00 AM
From: Knighty Tin	Respond to of 132070

SG, You would be right if retirement plans were that important to the market. But the biggest buyers of stocks are life insurance cos., not mutual funds and certainly not retirement funds. That is one of those scams the bulls spread to make people think the bull market would go on forever. Also, those flows were prior to the recent small decline. Let's see how they look next week. Typically, mutual fund owners buy high and sell low, so I expect much lower flows and perhaps even redemptions soon. Still, I think we may have gone as far as we are likely to go in this round. there will be a rally before the big one starts. 20,000 is just silly. I know most in the market are into TA superstition and momentum goofiness, but the market still has to have some sense of valuation. We are beyond all historical measures right now, so 150 pct. from here sounds like science fiction. MB