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To: Broken_Clock who wrote (20332)	4/24/1998 9:03:00 PM
From: waverider	Read Replies (1) \| Respond to of 95453

PK...I've been keeping tabs on the inflow of money into my Fidelity general growth funds over the past 3 year. I don't watch the Select funds because they seem to be subjected to a lot of trading. There is also a local radio show I listen too in which the host does frequent updates about how much money is going into the market via retirement funds, etc. Throughout all the corrections and upticks, the amount of money coming into the market has been truly incredible...without a hic-up. Yes, the amount of money available (cash levels) to fund managers sometimes goes below some secret percentage that freaks people out (IBD tracks it I think), but the money just keeps coming in. Smart money, dumb money, its all money and it HAS TO GO SOMEPLACE. Too many fund managers underperform and they are eager to get their money working. If you want, I'll dig through my files and get some numbers. But I've always been a bit skeptical when the press, etc. claim cash levels are below such and such...it is usually in the same breath in which they say the dividend yield is reaching record low levels. I used to listen to this stuff and when it got to an extreme pitch, I went into a panic and sold stuff I shouldn't have. Sometimes I felt good because I saved 10% during a correction (like the one we are having now), but ultimately lost out when the market screamed, and I mean SCREAMED back up. BTW, where is that Paul Levy guy? He used to post here all the time and always said nice things about me and supported the brilliant things I said? <ggg> Rick Hydrocarbon