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Pastimes : Ask Mohan about the Market -- Ignore unavailable to you. Want to Upgrade?

To: Cynic 2005 who wrote (17666)	3/17/1999 7:53:00 AM
From: Mark Ivan	Respond to of 18056

MMV, If I understand what you are saying, you are just saying that the currency is just being rotated around in the market: You sell, buy something else, that seller takes his money and buys something else, etc. But, with companies no longer providing ANY sort of retirement, most all people use 401Ks. Thus, there is always this NEW money coming in every month. And if you look at your choices in a 401K plan on where you can put your money, it is usually 10 stock funds to 1 money fund. People just fill out the form, choose a fund that's done well in the past (ie index and blue chip) and forget about it. Once a month they check the business section to see where the DOW is. They have no idea of PE's and valuation, nor do they care. Millions of people doing this, every month..... Mark