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

To: bearshark who wrote (42636)	3/9/2000 1:24:00 PM
From: IndexTrader	Respond to of 99985

Bearshark, Some thoughts about the K-wave and the Naz. ttheory.com and morphocycles.com Susan

To: bearshark who wrote (42636)	3/20/2000 4:05:00 PM
From: bearshark	Read Replies (1) \| Respond to of 99985

Read in the following order, if you wish. February 25, 2000 washingtonpost.com March 17, 2000 washingtonpost.com March 19, 2000 washingtonpost.com March 20, 2000 washingtonpost.com - - - - - - - - - - - - - - - - - - - - - - - - - From an earlier era. . . . "Too many Freds, " I heard Babson mutter, and then he said , "Should a manager who puts Parvin Dohrman into a client's account be allowed to advise anyone again?" Parvin Dohrmann had gone from 142 to 14. "I have a list here," Babson said. He pulled it out and began to read. "Four Seasons Nursing Homes," he said. "The high was ninety-one and the low is bankrupt. Anybody that went to bed with Four Seasons-----" "David," I said gently into the microphone. The audience was beginning to rustle. You can tell something has happened to the good feelings when the water pitchers start to clink nervously against the water glasses in a rising cacophony." "Commonwealth United," he said. "The high was twenty-five and the current price is one. Susquehanna, the high was eighty and the current price is seven. Unexcelled, the high was sixty-eight and the current price is four. All great institutional favorites." The audience was beginning to scrape its chairs. My massive group therapy session had taken a sour turn. Nobody was going to confess if they were being accused." "Computers," Babson said. "Management Assistance, forty-six to two. Levin-Townsend, sixty eight to three." "David," I said. "Leasco Data Processing, fifty-seven to nine. Data Processing and Financial General, ninety-two to eight." - - - - - "No greater period of skullduggery in American financial history exists than 1967 to 1969," he said. "It has burned this generation like 1929 did another one., and it will be a long, long time before it happens again." "The day I went to work in 1932," Babson said later, "steel mills, were running at eight percent capacity. I remember days when the trading was so slow people played ball on the floor of the exchange. The ticker didn't move at all, and then Armour crossed at $4 a share. "After the war, I pushed growth stocks when today's performance managers were in their playpens. The Census Bureau predicted the U. S. population would be a hundred and sixty-five million--in 1990! I was a radical then, and maybe I'm a curmudgeon now---times change, the economy changes---but another group has to grow up out of the playpens and the scars have to heal before you do it again." Supermoney, Adam Smith (George J. W. Goodman), 1972, Random House, Inc., New York.