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To: SpongeBrain who wrote (2799)	1/17/1999 11:26:00 AM
From: Diamond Jim	Respond to of 41369

"Why are these fund managers who get 25% a year consider gods, when 1000's of daytraders crush those numbers regularly?" == Are you sure about this? I don't believe the daytrading commercials, I don't believe the hype, I think somebody is going to get stuck with the losses when the bubble bursts. 1.5%, guess you don't use Vanguard. VTSMX, total stock market with no god to consider, it's an index fund, .19% expense. I believe that in the years to come we will see TV shows airing segments about people who are addicted to daytrading and are now deep in poverty from it, imagine daytraders going on margin and the internut stocks at their 2000 PE's coming down to reality. It will be uglier than many can imagine.