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To: Tommaso who wrote (4760)8/30/1998 9:44:00 AM
From: Joseph G.  Respond to of 86076
 
<<What percentage of market-followers>>

I don't think strategists and market-followers are relevant. I think what's relevant is cap-weighted expectations of actual investors. Another of those numbers no one will ever know - but it does exist and it's real, and it drives the market. Strategists and market-followers are relevant only indirectly, insofar as they affect the cap-weighted expectations of actual investors.