Re: Is the stock market a mega Ponzi scheme built on the constant creation of new equity funds?

"V" <vfr44@[EMAIL PROTECTED]
> wrote
> Without
> the constant creation of new funds to keep buying stocks, 
> what would
> happen to the stock market?

You have the tail wagging the dog. Funds do not create 
stocks. Companies do. Generally speaking: (1) The number of 
shares of stock of a company is fixed and large; (2) There 
are always enough entities (individual persons; mutual 
funds; ETFs; cor****ations in the business of buying stock) 
to satisfy both those who want to buy and those who want to 
sell at any given time.

What does continually grow is the number of companies 
offering stock. But this merely reflects the growing 
population; the evolution of an economy from no-tech to 
high-tech; and the cultural evolution of the world from 
satisfying basic needs to having time for leisure activities 
and the companies that offer products sup****ting leisure.

Also, many mutual funds fail. 

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