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Strategies & Market Trends : The Final Frontier - Online Remote Trading -- Ignore unavailable to you. Want to Upgrade?

To: Jay Morrison who wrote (3062)	2/18/1998 5:46:00 PM
From: dpl	Read Replies (2) \| Respond to of 12617

>I do not see HUGE numbers of people quitting a career to do this. I see a few thousand who are fed up with their current career giving it a try. < The point isn't the amount of money going into the market from "traders" or even the absolute number but the increase.In every bull market there is an increase in the number of people who decide they are going to "trade for a living".The numbers still remain rather small.In this market the numbers probably have increased by a huge percent.Just look at the SOES shops for instance.I admit that I have no hard stats for this.I am only going on 25 years of trading which puts many bull markets under my belt. >The VAST majority of new money going into the stock market is going into mutual funds handled by professional money managers (as it should be). That is not irrational.< Your right it is not irrational but don't get too excited by all these "pro money managers".Most have never seen a bear market and would have no idea what to do in one. There is a very.very old saying in the market."Genius is a rising market" One last thing.There is nothing new about this market.You have had these great bulls before.In fact twice this century.They always end the same way.The public "discovers" the stock market after it already is up a large percent(long term) and then you always have a very.very bad and long bear.So much so that that generation swears off the market only to see the next generation do the same thing several decades later. David