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To: DD™ who started this subject	3/4/2003 10:13:02 AM
From: bob wallace	Read Replies (2) of 1822

I thought Paul Kedrosky's recent article on RM about the death of the market was we know it due to domination of programg trading was very interesting anyone care to discuss how you might trade or invest in such an environment? if there are no actual "trends" as we now know them (ref to his random graph),then is buy and hold a strategy? or maybe buy and hold until you have a profit and then sell before the randomness takes the profit? maybe theme investing a la Karshner at UBS Paine Webber would be in? what does anyone think

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