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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Knighty Tin who wrote (49064)	2/26/1999 12:29:00 PM
From: yard_man	Read Replies (1) \| Respond to of 132070

Congrats on CPQ -- that was rather nice. <g>

To: Knighty Tin who wrote (49064)	2/26/1999 12:36:00 PM
From: CYC	Read Replies (1) \| Respond to of 132070

MB: Enjoy this thread. Questions on two very different stocks. I have my eyes on TIE, which you mentioned in your last article for SI. TIE is getting back to near 7 again. I am also considering MYGN, which you mentioned many months ago as one of your biotech picks. MYGN has plenty of cash and made good progresses in the last couple of years. Do you think the risks in the market now is too high to buy anything? I noticed you have sold some precious metal holdings in the last few days. Or, maybe you have other suggestions for similar plays in the two areas? TIA. CYC

To: Knighty Tin who wrote (49064)	2/26/1999 1:03:00 PM
From: Alias Shrugged	Read Replies (1) \| Respond to of 132070

Mike Thanks for your thoughts. Some Index Fund Musings A huge pool of assets now sits with the S&P 500 Indexers. During a period where all of the sectors perform uniformly, the Indexers maintain their current stock weightings and use new funds to buy stocks appropriately weighted. However, when one sector (uh, for instance, NAZ 100 - NDX) strongly outperfoms the others, the Indexers are forced to reallocate the pool of assets, buying more of the hot sector (MSFT, INTC, CSCO, ORCL are part of OEX) by bleeding cash out of the other sectors, and devoting a larger portion of the new incoming dollars to the hot stocks. Making silly valuations astounding. A very large, blind, dumb force, hulking over the investment landscape. When the hot sector starts to tank, the indexers are forced to open the floodgates.