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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Lee Lichterman III who wrote (35568)	12/21/1999 12:03:00 PM
From: pater tenebrarum	Read Replies (1) \| Respond to of 99985

Lee, i heard they also finally got out of IOM...i'm not a fan of the company, but that looks like a strong buy signal to me. as for the insider trading stuff, it's Galbraith's "bezzle law" at work. every mania produces inordinate amounts of fraud, which go largely unnoticed while the mania lasts. it all tends to come to light however once it ends... btw, the Stratfor article you posted earlier shows that even normally critically detached people have been caught up in the bubble's promise...that is not to say that i dispute everything they say. i doubt however that anything 'rational' is happening in terms of stock market 'investing' these days. this is an old-fashioned liquidity driven bubble, in almost all respects similar to the bubbles that went before. including the belief that we have somehow entered into a 'new era'. regards, hb