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To: Czechsinthemail who wrote (22632)	5/21/1998 4:19:00 PM
From: Grommit	Respond to of 95453

I agree with your paragraph on the large caps -- There is some tendency for index funds to outperform because of the major cash flows into these stocks ... the large cap companies have become so fundamentally overvalued that they now carry much higher risk relative to their appreciation potential. You hit the nail on the head. Trouble is, I cannot tell if you wrote this recently or a year ago. :o) I sometimes wish I was dumb enough to buy some momentum stocks. waiting for justice, grommit (My damn portfolio PE is now at 11.5 with a projected weighted EPS growth rate of 16% in 6 months and 38% in one year. And my darn recently converted Roth IRA is down 10%!!!).