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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: bill meehan who wrote (75213)	2/4/2000 4:04:00 PM
From: Skeeter Bug	Read Replies (2) \| Respond to of 132070

>>Then again, I'm basically cheap. << boy, did you find the right thread! ;-) bill, why would gztc go from $20 to $25 after they announced a public offering at $20? what am i missing?

To: bill meehan who wrote (75213)	2/4/2000 4:19:00 PM
From: Freedom Fighter	Read Replies (2) \| Respond to of 132070

Bill, Sometimes when I see the degree of volatility that exists in various markets on such a regular basis I get the feeling that the financial system is on the verge of a complete nervous breakdown. In just the last few years we've had a meltdown of the Mexican Peso, Asian Tigers, Brazilian Real, Russia, hedge funds, wild gyrations in bonds, gold, Yen/Dollar, oil etc... It seems to me that every single market is so extraordinarily leveraged that any trade that goes against the leverage winds up causing a mini/serious meltdown. Each pass involves adding to the leverage. Is your own view far from these observations? I'm really starting to believe that what's going on is a once in a century phenomenon. The end of the story may involve a reorganization of the system. Wayne