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Biotech / Medical : Trinity Biotech (TRIBY) -- Ignore unavailable to you. Want to Upgrade?

To: Grainne who wrote (9982)	8/8/1998 3:31:00 PM
From: John Lacelle	Read Replies (2) \| Respond to of 14328

Christine, The "Spiders" are Standard and Poor's Depository Receipts. They trade like a stock. They are weighted like the S and P 500. If you look at any daily stock market most active list, you usually see the Spiders in the top five. The "Diamonds" are the Dow Jones Industrial average of the same thing. If someone wants to "own" the DJI OR S&P500, they could simply buy the Spiders or Diamonds, or they could also just buy into one of the mutual funds that mirrors the indexes. Of course, you can't trade the mutual funds but you can get 401(k) tax protection and very low management fees. However, I think with the uncertain future of the world economy and the very high prices people are paying for these "blue chip" stocks, I would be very cautious if you were considering a short term (say 1-5 years) position. However, with a long term view say of 10 or 20 years, you almost could not lose if one bought the indexes. Be careful, thats all I can say. -John ps Cute Applet of the heart in your profile :*) m