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Non-Tech : MB TRADING

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To: peter gucker who wrote (3504)	1/23/1999 1:31:00 PM
From: TraderAlan	Read Replies (2) of 7382

Peter, Getting (slightly) back on track, I saw Deep Impact for the second time yesterday. Again my head spun when Morgan Freeman (the prez) dictated that all prices, wages, etc were to be frozen until the "peril" had passed. All I could think about was there is really no way to freeze the futures markets without collapsing the world distribution systems. The US would have had to get the agreement of every country on the planet first (yeah right). If they froze copper, for example, all that would happen is raw material suppliers would hold back product until a decent black market was created (based on supply and demand, at least). And countries with good copper resources would form cartels to dictate new prices. Hollywood screenwriters are so major market-stupid. Except maybe for Wall Street. Gordon Gecko was a very real character but they had the point of view wrong. As the restructuring of the economy and prosperity boom have shown, he was not the bad guy and absolutely right to say 'greed is good' and dead weight was destroying American corporations. Must be the weekend <g>. Alan

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