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Strategies & Market Trends : Classic TA Workplace

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To: AllansAlias who wrote (13485)9/13/2001 3:27:38 PM
From: JRI  Read Replies (1) of 209892
 
That's exactly my point. The Cowen guy is holding others...pleading w/others to hold to a standard that he and others on the Street most definently will NOT hold to (ie., we are not selling). He is doing this "advice/admonishment" under the pretext of the emotion/patrioic feeling that's arisen from this crisis.

He knows this. He can't be so stupid as to not know this. It is because he has been an inside cog on the wheel of the Wall Street machine that he actually thinks this way/presents this way. I find it disgusting that this card is played. At a minimum, he should say nothing or hedge his thoughts. How can he sit there and say "don't sell"? My goodness, people have their retirements, kids college education, and other things at stake.

We are so screwed. This is the CEO of a major WS firm. The misallocation of capital will be going on, in many forms, for a long, long time. And J6P will be the bagholder for a long, long time. It is sad, IMO. Bad enough during normal times. But the cheerleading during these times....I find horrendous.
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