Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: H James Morris who wrote (1595)	12/28/2000 2:19:07 AM
From: Raymond Duray	Read Replies (2) of 74559

Hi James, Great news for the new economy. Surely you jest. <g> Most assuredly Gramm's efforts will be great news for the Wall Street crowd*. And lousy news for the retail investor, IMO. As far as the new economy goes.... I'm wondering where the contributors to SI fit in to this "brave new economy". Clearly we're viewed as expendable cannon fodder and sucka material by the more rabid purveyors of the new economy. JMHO, Ray *This year, Nasdaq investors have lost about $3.25 Trillion in market capitalization in the new economy sector of the public markets. That, sir, is a big number. But was the pain universal? Naw, Wall Street's best investment bankers are being forced to accept a 14% increase in their year end bonuses. Tell me more about how this "new economy" helps me. Please, I'm confused. <g>

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