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To: Dwight Taylor who wrote (9817)	4/11/1998 4:40:00 PM
From: Terry Rose	Respond to of 116756

Dwight, I agree with your comment that mutual funds are taking in massive amounts of money (190 billion dollars in 1997). However, there was a little bit of selling going on at the same time to the tune of 369 billion dollars of directly-held stock by U.S. households last year. This resulted in a net liquidation of 179 billion dollars. This is just one more market myth being hyped by the Wall Street sharks "all this money is coming into the market, we have to put it to work." What is truly crazy is that a lot of these mutual fund managers actually believe this mantra. In studying the manic behavior of crowds, if a concept is repeated continuously even if it is not valid there comes a point where it is accepted as fact. Terry,