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To: RocketMan who wrote (5702)	2/24/1999 2:40:00 PM
From: Steve Robinett	Respond to of 41369

Rocket, I pretty much agree with your comments. I especially liked your comment that The small caps have been in a recession for a long time now. As long as the boomer money flows into index funds, this distortion will continue. About once a year Wall Street talks up small caps as the coming thing, usually toward the end of the year--and not much happens. As you correctly point out, most money goes to funds, some indexed and some almost indexed (growth&income funds). As money comes in, managers have to buy more of whatever's in their benchmark index. What will be interesting to see down the road is the big cap selling with redemptions outweight fund inflows. That could focus a downturn on those same big caps. Best, --Steve