MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

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To: bobby beara who wrote (42541)	3/8/2000 12:56:00 AM
From: Jack T. Pearson	Read Replies (2) of 99985

I think your assessment is right on about net companies panic buying market share. 150 years ago the same thing happened with railroads. JP Morgan got rich rounding up buyers of railroad bonds and stocks. The railroads were building like crazy to get market share. When there was real competition (two railroads serving the same market), neither railroad made money. Some of the markets never grew big enough to enable a single railroad to do much more than cover operating costs. While a few railroads made profits, most of them did not and were eventually bought out or went bankrupt. Same thing happened to automobile companies early last century.

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