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To: 1SFG who wrote (834)	1/2/1999 5:38:00 AM
From: sam	Read Replies (3) \| Respond to of 41369

I'll just skip your veiled innuendo that I don't know what I'm talking about...and your otherwise insulting language. And I'll get right to your "final" point. "My only argument with you is that I don't believe or see how an index fund manager can "make sure the indexes DON'T have bad years." Again -- now listen closely -- my point is that index fund managers have a vested interest in seeing the index's rise. It effects their bottom line. Are there actions they can take to help effect the price of the underlying securities? Like plug the stocks on CNBC...or via some other medium? Like helping to apply pressure on the company to take certain actions when warranted? (Although not entirely on point -- one of the reason why the TLAB/CIEN deal fell apart was because some of the major institutional investors (obviously not index fund managers -- but certainly some managers from fund families that included index funds threatened to pull out [get the point??]). No business likes to lose money. Especially not billions of dollars. Not even a fool running a an index fund, or a family of funds that include index funds. Fine. You disagree. I understand. Can we end this now?