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Technology Stocks : Intel Corporation (INTC)
INTC 41.41+2.2%Dec 5 9:30 AM EST

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To: Bob Kim who wrote (143068)9/7/2001 12:42:49 PM
From: Mary Cluney  Read Replies (2) of 186894
 
Bob, <<<The trading oriented firms seem to always be on the cutting edge. They were quick to get workstations, super-minis, neural networks, and Sybase in the 80s.>>>

What I am trying to get at is this: When all the technical people and stuff started to report to book keepers and MBA's is when thing started to deteriorate. The bookkeepers were looking for magic solutions (neural networks, et al) instead of finding out what they were doing, where they were going, and how they were going to get there in some practical manner.

People who understood how those financial systems were developed and how they really work are gone - they have for the most part been replaced by people that really understand only how to appear to know what is going on , rather than to actually know what is going on.

It seems like Wall Street, as well as elsewhere, have been taken over by a bunch of fast talking con artists disquised as CPA's and MBA's.

That is the real bubble this economy is recalibrating against.

Mary
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