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Strategies & Market Trends : Rande Is . . . HOME

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To: Rande Is who wrote (48308)	3/2/2001 1:17:58 AM
From: Kanetsu	Read Replies (3) of 57584

<So then you believe that the stock market trades freely. . . and moves simply on supply and demand?> Damn right I do! On any given day I can buy or sell just about any stock I want, to me that means it trades freely. If there is more demand than supply it trades up and vice versa. Why is this so hard to understand and why do p/e's contracting to historical levels indicate some kind of conspiracy? QQQ still has a p/e of 50 or something. You cite stories on the sec website as proof that there is stock manipulation, but the vast majority of that has to do with individual, thinly traded penny stocks and the like. It has nothing to do with why stock prices in general are depressed today, to quote James Carville, "it's the economy stupid." This is not to say that hedge funds, large securities companies etc.. are not responsible for short term fluctuations in price, but in the long term, supply and demand based on fundamentals will prevail. Now, tell me more about that land in Florida...

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