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Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?

To: Cynic 2005 who wrote (15248)	12/3/1997 1:23:00 PM
From: Richard Estes	Respond to of 50167

Stocks go up if there are more buyers than sellers, they go down if there are more sellers than buyers. Indivdual investors make up less than 10% of market volume. That means mutual funds, pension funds and brokerage houses cause the most ups and downs. They act as a "mob", their decisions are not based on an assessment of anything that the media and a number of SI posters say is the reason, the "why". They react to what others may do, or their need to move money. They usually don't do a good job. But price is effected. Those that make decisions on Asia, Mexico, earnings estimates, and all the little "whys" fed to the public should stick with their convictions which have been planted in their minds by the media. I would suggest Price is the only reality. But that cuts down on the prognostication that we love to do to the 1000s in the unseen audience.