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To: Voltaire who wrote (45081)10/17/1999 3:20:00 PM
From: DaveMG  Read Replies (2) | Respond to of 152472
 
The FED, the HOUSES and the agenda of each. All of this crap about PPI, CPI, TRADE DEFICIT, BOND YIELD, CRB INDEX, GOLD etc. etc. etc. is nothing more than minute to minute, hour to hour, day to day peanuts for the ignorant monkeys that live on such inconsequential dribble. These numbers mean nothing to anyone but the exacerbating carnival road-shows like CNBC and CNNfn.

That might be true if all that happened is that prices bounced back and forth aimlessly around some zero line but that's not what's happening at the moment. Sure smart operators be they the Houses" or rinky dink traders take advantage of the hoopla, SO WHAT?

Just to be clear here I wasn't trying to say we're lookin at a crash, I have no idea about that, but I am pretty certain we're looking at a lot of risk in the market for now, risk that will not be removed by some sort of turnaround on Monday after another 200 pts down. Those charts I put links up on show trends that have been taking shape for months, those numbers on Friday just reinforced them, that's all.

I would just like to say in closing that should I be wrong about the market NOT CRASHING but actually recovering in the next few weeks, I will miss all of those individuals that have made my stay here such a joy.

What's the big deal? If you're wrong you can just acknowledge it, you don't have to go hide out in your den. That's one of the market's great characteristics, as opposed to philosophy for example, it becomes all so clear who got it right and who didn't.

Dave



To: Voltaire who wrote (45081)10/17/1999 4:15:00 PM
From: Jon Koplik  Read Replies (1) | Respond to of 152472
 
Voltaire (and all) - a few random (dumb ?) thoughts about the perceived high probability of "deep doo-doo" for stocks real soon.

I don't think I have ever heard so much : "it definitely looks like big problems for stocks Monday morning" as I heard late Friday.

The stock market was actually the first segment on MacNeil / Lehrer !

One thing I noticed (please excuse if already mentioned) -- the S&P futures closed slightly above fair value on Friday (!)

This would NEVER happen if the investment community were really scared about Monday.

Jon.



To: Voltaire who wrote (45081)10/17/1999 4:56:00 PM
From: Jenne  Respond to of 152472
 
cnetinvestor.com



To: Voltaire who wrote (45081)10/17/1999 6:06:00 PM
From: Jill  Respond to of 152472
 
Voltaire--the most fabulous rant ever. Each one a chapter in itself. However why have you set up the high drama of "should I stay or should I go--if I stay there will be trouble--if I go there will be double" (remember that song?). Nobody asked you to go if you're wrong. We're grownups and make our own decision. If you go, I'll come after you with a golf club, swinging mighty high and fast!

Jill



To: Voltaire who wrote (45081)10/17/1999 10:54:00 PM
From: JohnG  Respond to of 152472
 
Electric Gent. What a rant. We'll keep ya regardless. Have observed that these Sunday nites are tough. You just think too much. Best regards.
JohnG



To: Voltaire who wrote (45081)10/18/1999 2:56:00 AM
From: Jeffry K. Smith  Read Replies (1) | Respond to of 152472
 
Voltaire, that was beautiful. Don't you DARE leave. <EOM>



To: Voltaire who wrote (45081)10/18/1999 2:19:00 PM
From: freeus  Respond to of 152472
 
Naaaa
Right or wrong stick around...
I have...
After being a total dodo on my Knight Trimark investments, and opinions.
If I can stick around right or wrong, you can too
And your prose is more lyrical.
Freeus



To: Voltaire who wrote (45081)10/18/1999 3:09:00 PM
From: paulmcg0  Read Replies (1) | Respond to of 152472
 
People forget that the price of a stock is an arbitrary value, that is only based on what people are willing to buy or sell a stock for, at a given time. It is a "social construct" (see the works of philospher John Searle) and not a real, measurable thing, like the law of gravitation. Right now, people are starting to panic, and stock prices are going down. Take a look at #reply-11627449 and #reply-11627089 to see what people are doing right now - you might also want to put QCOM into that link to see that more people want to sell than buy, and the prices that people want to sell QCOM at are out of line with the market.



To: Voltaire who wrote (45081)10/18/1999 10:16:00 PM
From: ItsAllCyclical  Read Replies (1) | Respond to of 152472
 
So the FED and the houses control the market when it's (hypothetically) bad for 2 years straight? I guess they want people to lose money during those periods? Sorry don't buy it at all.

There is too much greed on Wall Street. None of the houses are capable of acting together. They may know how the others will act, but that's different than acting together. Once a stock hits their internal price for buying and selling the greed/fear reaction takes over.

You are right about one thing. Most of those reports are purely for CNN and CNBC to spin.



To: Voltaire who wrote (45081)10/19/1999 11:13:00 AM
From: Wiselight  Respond to of 152472
 
Mon Dieu !!!



To: Voltaire who wrote (45081)10/20/1999 10:57:00 PM
From: DownSouth  Respond to of 152472
 
Voitaire, I have been busy with my day job for the past few days and just read your "rant", which I am honored to note just happened to be a "response" to one of my posts.

It is Wednesday, and you know what the market did today. It certainly did not crash.

You are teaching me how to be cynical without becoming a cynic. I am beginning to buy your premise. I sure as hell am loving your posts.

Don't threaten us with this "leaving" crap! Of course, you know you are right, so your threats are empty anyhow!