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

To: Big Bucks who wrote (23628)	8/31/1998 9:07:00 AM
From: Katherine Derbyshire	Read Replies (1) \| Respond to of 70976

According to today's Wall Street Journal, 59% of all shares outstanding are held by individuals, either directly or through mutual funds. Since so much of that is through mutual funds, the little guys are the big guys in some sense. If the little guys move their money to Treasuries, then the big guys have to sell stock to cover redemptions, so the other little guys get creamed, and move their money to Treasuries, and down we all go together.... Katherine