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To: Bonnie Bear who wrote (39042)	5/6/1999 1:01:00 PM
From: re3	Read Replies (3) \| Respond to of 86076

your stats are true, most people have accomplished nada in the markito in the last couple of years... why ? well, a few thoughts... 1) if they bought index funds, they'd have nothing to DO, and we all want to make the market our JOB...jiggling money even badly is more fun and less nerve wracking for some reason even I can't figure out 2) if their brokers told them to hold mutual funds, the brokers would be out of biz soon 3) as people find they aren't even keeping up with the index, they do stupider and stupider things to try to get back on par 4) I'd bet a few people 'round here need the dow to be back at a thou to break even... one fellow I corresponded with from motley fool still holds the vanguard s and p and he is bearish, full tilt, won't sell cause of the tax implications, but will not buy individual stocks except gold... I certainly wouldn't advocate buying index funds NOW...but certain bears have probably cost people a ton of moolah...Speculators are not good on the sidelines (rhinophobia- fear of holding cash is a problem) and for that reason these people should either be in index funds or berkshire...even if these go down, they will either make more or lose less than their brethren on these threads monkeying around with the market... Howardbear