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Pastimes : The Naked Truth - Big Kahuna a Myth -- Ignore unavailable to you. Want to Upgrade?

To: MythMan who wrote (50170)	6/30/1999 9:52:00 AM
From: IceShark	Read Replies (2) \| Respond to of 86076

Can that article be right - fed funds trading at 5 7/8? Seems mighty high - what does that mean, EasyAl jacks by a full percent? -g-

To: MythMan who wrote (50170)	6/30/1999 10:09:00 AM
From: Lucretius	Respond to of 86076

f*ck them too

To: MythMan who wrote (50170)	6/30/1999 10:14:00 AM
From: MythMan	Read Replies (2) \| Respond to of 86076

Who is doing all this selling? Don't they know it's only going to be a 1/4 point and this is good for America? -s- KO warning must have been confused with a strong buy rec -s-

To: MythMan who wrote (50170)	6/30/1999 11:41:00 AM
From: Lucretius	Respond to of 86076

ROFLMAO! this one is a keeper: Greedy and Stupid by Paul Milne When I was a [commodities] broker.... 10% of all the clients who bought, did so within ten percent of the top of any market move. It is human nature. People are basically greedy and stupid. When prices are very low, they do not want to buy, even though that is the best time. No, they do not buy as the market begins to move up. But they do rush to buy when it is skyrocketing because they think it will go higher forever and they are insanely jealous that 'everyone' else is getting a piece of it and they are not. Some of them take a chunk and get out with great profits. The OVERWHELMING majority get wiped out. Like clockwork. Same thing is happening right now in the equities markets. Going into the peak, wherever that may be, the masses rush in. The masses are ALWAYS wrong in this regard. They drive it up to insane levels, not because there is any rational reason for prices to be at that level, but rather, only because prices go much higher because there is always a bigger fool out there to pay more for it. It feeds itself. And you recognize that when anything 'feeds' itself' it is also 'consuming' itself. Try eating your arm, starting with your fingers and see how long you live Over the short haul, as it is going higher, all the asinine Pollyannas gloat about the fact that it has not yet cracked and they are making money hand over fist. Most of them are not making one thin dime because they have not yet liquidated. And then, one day....your fault, my fault, no one's fault at all... Bang. It corrects. And at nosebleed levels like this or at some point very soon, the correction gets way out of hand. Panic ensues. The equities markets are in far far different shape than they were in the twenties. They are in far far WORSE shape. When it goes this time, it will make the great depression look like a week in Disneyland. So why is it still going higher? Simple. The greed has not yet been satiated. And they will all, magically, say exactly the SAME thing that I have heard countless times. "How could such a great situation turn so bad so fast. I'm ruined!" Won't be long now. Funny side note: My grandfather's business on Wall Street was wiped out in 1929. A broker landed right on his pushcart.