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To: GST who wrote (70070)7/27/1999 4:44:00 PM
From: 10K a day  Read Replies (1) | Respond to of 164684
 
GST,
i think we
are just sucking in more shorts,
lowering the Volatility Index 'Vice',
setting the shorties up,
for some major options facial bending.....
this is a Sector Housecleaning,
this is not Company Specific...
the crap IPO's should have been
smashed a long time ago,
That's where the real crime is at....
IMO, of course....



To: GST who wrote (70070)7/27/1999 4:48:00 PM
From: John Donahoe  Read Replies (1) | Respond to of 164684
 
RE The smart money is not buying, it is moving on

Since you believe smart money is no longer in US equities or at least almost gone. Then that implies, in the US market at least, that stupid money is selling to stupid money. And the current holders of stock are stupid. If I follow your thinking correctly.

Since smart money is buying Asia, are the Asian sellers stupid? And are stupid Asians buying US stock from the stupid holders of the stock with their proceeds gained from the sale of their Asian stock to smart money.

Or should we just say that "stupid is what stupid does" and leave it at that?