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Strategies & Market Trends : A.I.M Users Group Bulletin Board

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To: steve in socal who wrote (13762)11/29/2000 4:22:11 PM
From: OldAIMGuy   of 18928
 
This quote is from Jacob Snyder over on the WCOM thread:

"In many ways, the evolution of species is mimicked in the stock market. In evolution, you have:
1. First, a new species successfully pioneers a new niche.
2. One new small entrant spawns an explosion of new species very rapidly. Lots of new things get tried, anything seems possible.
3. Once the niches get filled, then a brutal process of "winnowing out" follows. Most of the new species fail.
4. Eventually, a new equilibrium is reached, with a small number of survivors who dominate the new territory, with advantages that are difficult to duplicate or improve on.
5. Something new happens, some threshold is reached, and the process begins again."


He says that WCOM is working away at #3 and will make it to #4, but doesn't want to guess about #5 as it's too far in the distant future.

Interesting.

Tom
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