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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: MileHigh who wrote (20492)	6/17/1998 10:23:00 AM
From: akidron	Read Replies (1) \| Respond to of 70976

mile high u r of course right that IRA money stays in the market for ever, but it has been invested in stocks in record amounts because of the markets consistent returns. History (a bad word I know, but one I like) tells us that when the market ceases to give extraordinary returns this money is invested elsewhere (bonds, metals, art, coins).... further much of the money driving the market is not invested into tax free funds at all, but into increasingly speculative and expensive funds.... these $$$$ will inevitably disappear, either because when it is redeemed, and spent, it will cause inflation, or because the market will fall until more realistc valuations are reached.