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To: IceShark who wrote (68642)10/13/1999 3:08:00 PM
From: Defrocked  Read Replies (6) | Respond to of 86076
 
Please pass this on to The Chairman:

In addition to POS and AZW, I respectfully
submit a new category for the Thread:

JOTTý

This is a special category for JOTTs that
are scale factors above other JOTTs.
IMHO BGR would probably even be honored
for nomination and acceptance. The last
two days of continuously inane, asinine, disconnected,
unnoteworthy, distracting, erroneous series
of posts makes him truly worthy. Here, at
important inflection points across multiple markets, is
a poster that truly doesn't have a clue.



To: IceShark who wrote (68642)10/13/1999 3:12:00 PM
From: CYC  Read Replies (1) | Respond to of 86076
 
Ice:

Never say never! -g-

One of the more interesting things that I did in Tokyo last week was a guided tour of the Tokyo Stock Exchange. I called ahead of time and they arranged a English-speaking guide. Before the tour began, I strolled in the exhibition hall and there was this big chart on one wall showing the TOPIX index and trading volume from about 1960 to 1998. I took a good minute speculating in front of that chart what it felt like in that building in the late eighties. During the tour, the guide took me to the old trading floor, which has been shut down for good on April 30, 1999. That I did not know. Then she took me to the new fully-computerized trading rooms on the fifth floor of the building. There is a room for stock trading with about only 30-40 people in there. A smaller room for bond, future, and bond option, then an even smaller room for stock options. These people just sit in front of terminals. No yelling, no hand signals, no running around. It was kind of weird to think that so much monetary activities pass through so few people everyday. Quite an experience for me.

I couldn't help but think what the trajectories of DJIA and NASDUNG would be for the next 10 years when I left that building. We just have to wait and see.