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Technology Stocks : Dell Technologies Inc.
DELL 119.67+0.8%3:59 PM EST
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To: Mohan Marette who wrote (70201)10/8/1998 9:33:00 AM
From: Sig  Read Replies (1) of 176387
 
<<<but what has changed is the need for cash arisen out of stupid investment by mostly very 'knowledgeable' money managers particularly the Hedge Fund managers. >>>>
I read an article a few days ago that the "take" by fund managers due to fees was $100 bil last year, thus leaving far less in the kitty when people need to use their retirement nest eggs.
Its the way of the world when we don't pay adequate attention
and let the other guy or the government do the job.
Part of Americas financial success has been the realization
that government and companies must return some money to the common people to keep the flow of capital going. I think the Asian countries
failed to recognize that was nescessary.
H Ford was one of the earliest to recognise that, and paid
his workers enough so they could afford to buy a car.
It may be a bad sign that the US has a budget surplus which
is not going to be used as a tax cut.They are keeping too much.
I wonder if the Feds will step in today, as they can do, to provide buyers for stocks where there is no bid ???. Would be interesting to know which ones they support. Would you guess some banks, rather than some techs(g)
Crum, I must rather hope that Greg does not get his Dell
GTC order filled today.
Good luck
Sig
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