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To: Jon Koplik who wrote (865)3/13/2000 7:10:00 PM
From: Maurice Winn  Read Replies (1) | Respond to of 2737
 
<I do not know what "tide going out" is (I am not kidding). >

Out in the ocean there is a lot of water. The moon's and sun's gravitational fields pull it and makes a big wave about a couple of metres deep and 6 hours long [a VERY long wavelength and much longer than the 2GHz CDMA frequencies we are usually interested in around here].

The water going up and down at a particular point is called the tide. When the tide goes out, the water gets shallower and a boat that is stuck on the ground falls over as the tide goes out. People on the boat feel silly.

If the tide is going in when running aground, it isn't so embarrassing because the boat will float off [and maybe sink if injured sufficiently], being lifted by the tide.

Hence the expression in the markets, "A rising tide makes all investors geniuses [or maybe geni?]". A falling stockmarket tide leads to cries of woe and dismay.

Now, if you'd like some lessons in Eurodollar CDs I'd be happy to oblige too. Those are silly Alan Green$pan money which lives in Europe, but sometimes comes back for vacation or to go into Florida investors' accounts....etc...etc...or something

Maurice