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Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?

To: GROUND ZERO™ who wrote (23330)	2/8/1999 10:43:00 PM
From: IQBAL LATIF	Read Replies (1) \| Respond to of 50167

Good and very pertinent observation GZ..

To: GROUND ZERO™ who wrote (23330)	2/9/1999 9:46:00 AM
From: SE	Read Replies (1) \| Respond to of 50167

GZ, Seems to me that a major meltdown would have some warning signs. In order for everyone to want out at the same time, basically what you need is everyone calling their mutual fund companies and saying move me to cash at the same time. The mutual funds are supposed to be fully invested at all times....therefore, the only time they can exit is when the investors call and say take me out. In order for that kind of public panic to strike, we would need either a major global event (Y2K?.....I doubt it) or a series of consistently bad days/weeks in the market plus a trigger that makes everyone of the same mind at the same time. Chances are better than 50/50 that it would happen on a Monday when people have had the weekend to ponder some major deal and all decide to get out over the weekend. During the week, people are too wrapped up with work/kids etc to think about these kinds of things much.... Hard to say if/when that might happen, but the right set of conditions for such a melt-down would be few and far between. Just some random thoughts as I was considering these issues. -Scott