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Strategies & Market Trends : India Coffee House -- Ignore unavailable to you. Want to Upgrade?

To: Mohan Marette who wrote (7285)	9/28/1999 8:18:00 AM
From: Cynic 2005	Read Replies (1) \| Respond to of 12475

<<<I am glad in a way they came to Long Term Capital's rescue 'cos that saved many of the small investors from disaster.>> If the time were to stop right at this moment, you are right to some extent. But it doesn't. The way I look at it is different. They took the 'small investors' from the pan and put them in the flame. The bailout sedative is still on and they don't know that they are burning. What Greespam essentially did is tamed a threatening tiger and at the same time fed a beast that was still in its youth. He created a sense of false security among the stock enthusiasts (notice I am not calling them 'investors' - there are very few of them in today's market. Mark my words, this will end in tears. PS: Please differentiate between the smart money and dumb money. here is what a guy on the other side of the IPOs thinks about the lambs: #reply-11378687 (FYI, he is very very rich!)