Please accept my excuses, folks. This is a followup to an arcane debate we began nearly 6 monthes ago. Witness the amounts in the funds going in opposite direction of the prices... Any idea about a more important outflow of money supporting Rob's theory? Bloomberg: U.S. mutual funds are on track to pull in $211 billion this year, a 43 percent increase over 1999, according to Financial Research Corp. The Boston-based research firm said a net $14 billion was invested in stock and bond funds in August. That brought the figure for the first eight months to $140.6 billion, almost equal to last year's full-year total of $148 billion, though all U.S. benchmark indexes have declined. "For the past four or five years, investors have seen every dip or flat period as a buying opportunity, and for the most part they've been right," said Burt Greenwald, a Philadelphia-based fund consultant. He said the rise of 401(k) programs has drawn money into funds. Large cap growth funds attracted $6.5 billion, just ahead of mid-cap growth funds, which pulled in $5 billion. Investors put $2.3 billion into international and global funds last month. Bond funds continued to lose assets. [...] _______________________________________________ Crashlist resources: http://website.lineone.net/~resource_base To change your options or unsubscribe go to: http://lists.wwpublish.com/mailman/listinfo/crashlist
