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Technology Stocks : JDS Uniphase (JDSU)
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To: N. David Lessani who wrote (9981)5/3/2000 9:05:00 AM
From: sam  Read Replies (2) of 24042
 
To "blame" the extreme market volatility on day traders is comical. Day traders are simply fodder for Wall Street professionals...through the margin "addiction." As are the hedge funds. The extreme volatility will necessarily take out lots of the less savvy and even some of the more experienced players -- like Druckenmiller -- as we have just seen. I like to think of Wall Street brokerage houses as drug pushers -- pointing the finger at everyone else and calling for the rounding up of the "addicts." The irony is -- without the addicts they'd have a much weaker business.
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