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To: Lucretius who wrote (12275)2/24/2000 2:23:00 AM
From: Kailash  Read Replies (1) | Respond to of 42523
 
The Newton Effect:

"Even Sir Isaac Newton couldn't resist in the South Sea bubble. He went to cash when he (correctly) determined it was a bubble, but could not stand being left out. He went back in to lose everything. According to a recent account (the original is in Kindleberger) Newton lost $2 million (Editorial Humor 238, January 26, 2000, p. 9). (in that $2 million is a largish sum for 1720, I have inquired as to whether this is reported in actual or "real" dollars.) Regardless, we must believe that Sir Newton was quite intelligent, thoughtful, and, yet, still was seduced by the mania about him."

csf.colorado.edu

BGR is of course today's Newton: quite intelligent, thoughtful, and, yet, seduced by the mania about him <g>

K



To: Lucretius who wrote (12275)2/24/2000 7:50:00 AM
From: MythMan  Read Replies (2) | Respond to of 42523
 
cnnfn.com

why is ours low? -s-



To: Lucretius who wrote (12275)2/24/2000 7:52:00 AM
From: MythMan  Read Replies (1) | Respond to of 42523
 
members.home.net



To: Lucretius who wrote (12275)2/24/2000 7:57:00 AM
From: MythMan  Read Replies (1) | Respond to of 42523
 
From a recent CNNfn poll...

>>Technology stocks are taking it on the chin right now. Does this mean the rally is over or is this just another bump in the road. Take CNNfn's poll and
tell us what you think.

1. Technology stocks have been losing ground as investors focus on interest rates. Do you
think the rally in tech stocks is over or is this just a bump in the road?
total responses to this question: 5774

Bump in the road.
74.63%
Rally is over.
19.15%
Don't know.
6.22%

2. Is the market too concerned about interest rates?
total responses to this question: 6677

Yes
62.72%
No
32.51%
Don't know
4.76%

3. Where do you think the Nasdaq composite index will end this year? (Wednesday morning,
the Nasdaq was up about 64 points to 4,445).
total responses to this question: 6676

4,500 to 5,000
35.26%
5,000 to 5,500
29.51%
More than 5,500
12.57%
Less than 4,000
11.08%
4,250 to 4,500
7.49%
4,000 to 4,250
4.09%

4. Based on the market's recent behavior, are you making any changes in your portfolio?
total responses to this question: 4709

I'm buying stocks.
70.76%
I'm staying on the
sidelines.
17.94%
I'm selling stocks.
11.30%<<

This info courtesy of a friend who shall remain nameless -g-