Clown-Free Zone... sorry, no clowns allowed Message Board

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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: LLCF who wrote (28479)	10/15/2000 11:09:52 PM
From: Perspective	Read Replies (2) of 436258

Wow - that really is huge. I don't get quite the same size number when I tally it up, unless there's some piece of GDP he's eliminating, but that day's trading represented a * $5 TRILLION * annual rate! Holy cow! The only other incident that approaches that magnitude is the INTC preannouncement, when they did 300M shares there. That's just sickening - that nearly equal amounts of money were spent on the paper of a single, relatively unknown company and the entire sum of goods and services in the United States. Put another way, the cash exchanged for slices of the company was roughly 5,000 times the sales that company did that day, or some 20,000 times the income they earned that day. We are in deep, deep trouble... BC

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