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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: James F. Hopkins who wrote (2940)	12/27/1998 9:05:00 PM
From: yard_man	Read Replies (1) \| Respond to of 99985

I work with and know many J6P's and your assessment is exactly right on the 401K stuff. Don't know what they got, just know that it always goes up, except sometimes they get to buy some cheaper ... It will take asignificant decline to wake J6P up. Sept/Oct was nothing -- didn't phase 'em. They'll have to have a coupel of quarterly statements to compare where the balance has went down in spite of a contribution being made. NO big deal -- J6P is not bringing on the crash

To: James F. Hopkins who wrote (2940)	12/27/1998 9:08:00 PM
From: Follies	Respond to of 99985

One last thing, It means that for each component there is a share multiplier that when you multiply it by the share price and add it all up you get the SPX exactly. It don't know what the numbers are but I could compute it and of course it changes based on splits, offerings including options etc.

To: James F. Hopkins who wrote (2940)	12/27/1998 9:27:00 PM
From: Vitas	Read Replies (1) \| Respond to of 99985

>>>They have been taught the market always comes back. The real rub will come when they need that money to pay house notes and so on<<< There are two groups of investors: those with experience who have lived through serious bear markets, and those who don't have a clue, because, since the market has been bullish from either 1982 or 1975, take your pick, they have not seen any down markets. Now, as we go forward, it will be interesting to see if the pessimists from experience prove to be right, or the optimists from not knowing any better are. The difference between the two may be that the pessimists are locked into the comfort of knowing the trading range from where we came and that we could go back there. The optimists may be be naive enough to expect great things in the future. It is a big world out there, we have not tapped even a small percentage of it to date. I wonder if the great prognosticators of the past ever foresaw the world of the present, with the instant everything today: communication, delivery, and gratification. Or, to put it in other words, that we would not be tied by the limitations that existed decades ago forever. Vitas