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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: BSGrinder who wrote (66136)	8/12/1999 6:13:00 PM
From: Knighty Tin	Respond to of 132070

Kit, I think the dollar and the bond are killing all these "charges of the retards." The ignorati get up in the morning and think fundamentals don't matter, so they throw what little money they have left into overpriced trading sardines. By the end of the day, the smart money has effected the transfer of wealth in truly Darwinian vicious glory. <g> Poor Cramer doesn't understand negative fundamentals until a stock or a group is down 40-50%. We saw him bubbling over on Compaq in January when many of us were buying puts, only to have discovered, 50% or so later, that it was overpriced. Ditto for the internuts. The PC market simply has no growth left and the internut failures are going to take away its largest source of new, dumb money. Good luck with you QQQs. YOu should buy the puts after a morning run.