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Strategies & Market Trends : Gorilla and King Portfolio Candidates -- Ignore unavailable to you. Want to Upgrade?

To: Uncle Frank who wrote (2029)	5/18/1999 4:49:00 AM
From: Freeflight	Read Replies (1) \| Respond to of 54805

i don't think they really are buying a real portion of the firm. note greenspan's approval comments of these new trading vehicles that have no real equity in anything. i just traced fidelity spartan market index fund; and they just turned it over to bankers trust to manage. if you research bankers trust they spot the monies to pay out from cash reserves. the money paid in reflects phatom equity % of actual stocks, but they don't actually buy that % in real terms. i then checked the nasdaq site for the QQQ index stock. it is a real index stock like fidelity spartan, and the administrator in NYC does NOT buy the actual % of real company stock. You know what this means! If financial instruments all go to hell in a handcart someone has to liquidate index fund money with no hard equity in anything but the funds which are at the disposal to the administrative bank to give loans to 3rd world countries or whatever else they really do with the monies.