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Non-Tech : Tulipomania Blowoff Contest: Why and When will it end? -- Ignore unavailable to you. Want to Upgrade?

To: Bearded One who wrote (2657)	2/7/2000 8:34:00 PM
From: pater tenebrarum	Read Replies (1) \| Respond to of 3543

re: YHOO page views, i thought so too. i'm living in Europe, but from what i hear there is nary a moment when one isn't assailed by some online-brokerage ad in the U.S. i don't know if you read Fleck's rap from time to time, but lately he has taken to reporting little anecdotes about how the stock market begins to affect every aspect of life...you know, stories of widows and orphans phoning their broker for the first time in 20 years to tell him to sell their dowdy bonds and buy internet stocks and such-like. it is truly amazing to hear about these things as the stock market fever in the general populace is not (yet) as prevalent in Europe. Prechter (i know he's a perma bear and as such discredited) also does a great job reporting on the social mood accompanying the mania...it's truly fascinating. i liked the piece about the famous Jockey who's dispensing stock tips on TV best (his picks: YHOO, CMGI and AMZN). Prechter remarked that in a mania the quality of financial advice is generally on the decline, as everybody suddenly becomes a genius because of the bull market, i.e. 'professional' advice actually comes to be disdained by the investing public as people gain the confidence that they can beat the market on their own. he suggested that next time they may just as well ask the horse....