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


To: Knighty Tin who wrote (26702)3/14/1998 6:24:00 PM
From: davesd  Read Replies (2) | Respond to of 132070
 
Mike, so where does all the 401K money go in this disaster scenario. It seems like people are willing to leave their money in the market for the long haul. Most of the folks I talk to expect the market to head down...but in the long term 2-5 years they expect it to be higher. So no need to pull out their money...plus where else would the average investor put their money. It's mentality like that that has kept the market where it is and moving higher. That 401k money keeps coming in every month like clock work.

Until this attitude changes, all we will see is mild corrections....INTC, CPQ, IBM are example of this....all three have warned and yet IBM is still near it all time highs.

Having said that....what's on your PUT's menu??? what are the specials of the month.

dave