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Pastimes : ASK Vendit Off Topic Questions

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To: RocketMan who wrote (11375)	4/12/2000 5:14:00 PM
From: avanti77	Read Replies (1) of 19374

Hi RM, You make several excellent points-scenarios I've been turning over in my head as well. Are they out to break the back of the Nasdaq? It's hard to imagine that scenario being good for anyone. I've got a healthy dose of cynicism about this. I think they wanted to scare the daylights out of margin traders, and put an end to the wildly speculative trading. I think it's fed on itself at a time when everyone was already exhausted with the swings the market was taking, and the ironic coincidence (NOT) that it's all occurring right before the tax deadline, when traders/investors are already taking money off the table. I'm seeing what Reid is seeing, and that's a drying up of sellers. If the houses don't step up to plate now, I don't know who's left to do that, since most individual investors have been too wounded. I can't see that it serves anyone to replace one divergence with another. The market needs to find a middle ground, and it needs someone to take a leadership position. Donna

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