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Politics : Formerly About Applied Materials
AMAT 292.20-1.2%Jan 7 3:59 PM EST
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To: Gottfried who wrote (10246)11/2/1997 7:59:00 PM
From: Paul V.  Read Replies (1) of 70976
 
Gottfried, IMO, I believe that one reason that we are hearing so many of the gurus talking against the circuit breakers is that that they reduce, or stop the hysteria/fear that would be incorporated in a tremendeous drop, which would become even greater, and possibly cause more small investors to bail out of the market. Naturally, they would never have thought of that or be upset that they did not get to by even lower.

If I recall correctly, did't I hear the Exchange speciallist saying that the small investor were not as scared as brokers were. Guess the brokers and traders were in the middle and the small investors did not panic. IMO, small investors are better networked and analyze the market collectively. The Exchange doesn't like that. Next they will try to do away with the net and our communication. :)

Paul V.
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