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Non-Tech : Knight/Trimark Group, Inc. -- Ignore unavailable to you. Want to Upgrade?

To: Gary Korn who wrote (3733)	9/1/1999 1:57:00 PM
From: Herschel Rubin	Read Replies (2) \| Respond to of 10027

Gary, Interesting numbers you re-posted from Raging Bull (not YHOO) about Trading Volume. Here's some points for consideration: 1. Last year's Aug98 to Sep98 volume comparison indicates only a mild increase in volume for September, which isn't encouraging if 1998 is representative of every year. However, I'm not convinced that 1998 is representative. If I recall correctly, in August of 1998 a downturn in the markets began and was in full swing in September with the nadir being October 8th with Russian currency woes global liquidity problems. Perhaps that's why volume was low in September 1998 as people were on the sidelines, much as people were on the sidelines during August 1999. Absent the foregoing crises, it may be possible this September will be different. We've already had a substantial correction and trepidation period. 2. From the 1999 Q1, Q2, and partial Q3 comparisons, if September 1999 shows about the same trading activity as July & August, it looks like the final Q3 tally for NYSE and NASDAQ trading volumes will come in about equal to Q1 volumes. OTCBB will show a shortfall. On the other hand, if September shows ANY increase in trading volume over July & August (which won't be hard to beat IMO), then the final Q3 tally will show a healthy sequential increase over Q2 and Q1. This would be an embarrasment to the FBCO Burnham study which forecasted gloom and doom (negative sequential growth) for Q3 trading volumes. Comments anyone? B.S. Gary, looks like you don't sleep much (posting at 2:05 a.m. then again at 9:05 a.m. EST). Sounds like my schedule - I'm on the west coast and I stay up late, yet I watch the open at 6:30 PST. I, for one, am not looking forward to after-hours trading because I like the fact that trading currently ends at 1:00 pm PST and I don't have to pay attention to the markets for the entire afternoon.