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Re: [RT] 401k Reaction



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I noticed that some of their energy trading was done from 
 Swedish firms. Home of the notorious Mark Rich. Could an outfit trade 
energy in a country as small as Sweden and not have the largest trader there not 
have a hand in it? This is pure hyperbole but it would not be surprising .
 
 
----- Original Message ----- 
<BLOCKQUOTE 
style="PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px">
  <DIV 
  style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black">From: 
  Lee Morris 
  
  To: <A title=realtraders@xxxxxxxxxxxxxxx 
  href="mailto:realtraders@xxxxxxxxxxxxxxx";>realtraders@xxxxxxxxxxxxxxx 
  
  Sent: Saturday, January 19, 2002 5:29 
  PM
  Subject: RE: [RT] 401k Reaction
  
  most 
  people do not understand stocks much less bonds and second greed is powerful 
  and many w/ the largest 401k are all so relatively young and willing to take 
  risk and lastly most people do not like or want the government telling them 
  how to invest.
  
    <FONT face=Tahoma 
    size=2>-----Original Message-----From: Daniel Goncharoff 
    [mailto:thegonch@xxxxxxxxxx]Sent: Friday, January 18, 2002 7:51 
    PMTo: realtraders@xxxxxxxxxxxxxxxSubject: [RT] 401k 
    ReactionI notice the general media is starting to 
    concentrate on the harmsuffered by Enron employees that had large 
    investments in company stockin their 401k and were burned when the 
    manager was changed (freezing theaccounts) at the same time the stock 
    plummeted to almost nothing. Adviceis being given for employees of other 
    companies to look at their own401k and diversify.My gut reaction 
    is that this has to be bad for stocks and good forbonds, given the 
    current condition of the stock market and the likelyconservatism of the 
    401k holders. (Once you have made the decision todiversify, are you 
    really likely to do so in a risky fashion?)Does anyone have any 
    thoughts about how individual stocks may beaffected? I would think 
    recently successful companies will be more proneto being 'diversified 
    down', companies that have done very well over thelast 3-5 years. These 
    companies will be more prone to having createdlarge involuntary 
    concentrations of risk for their employees accounts.The ultimate 
    example may be MSFT, which has continued to make itsemployees very 
    wealthy, has been successful in any reasonable time frameyou choose, and 
    is now subject to ongoing legal action of indeterminatesize. Would you 
    keep you millions in retirement dough in MSFT stock, orwould you, in 
    light of the Enron case, look to sell MSFT and put yourmoney 
    elsewhere?Your thoughts would be 
    appreciatedRegardsDanGTo unsubscribe from 
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