SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Pastimes : All Clowns Must Be Destroyed -- Ignore unavailable to you. Want to Upgrade?


To: Lucretius who wrote (18951)3/20/2000 2:23:00 PM
From: KeepItSimple  Read Replies (1) | Respond to of 42523
 
>geez, this is almost comical... INTC is holding up all 3 averages... LOL

You expected something else? Everyone knows the market has gotten narrower and narrower, with money concentrating in just a few dozen stocks..

Well that few dozen became 10, then 5, and now it's just ONE FRIGGING STOCK. Intel.

After all, as a country we're just placing bets against each other with 4 letter symbols as placeholders. The companies underneath have no relevance whatsoever to the stock price. So we, as a country, can either just make up a new symbol for a company that doesnt exist, and bid that one up and down, or we can pick an existing stock and do the same.

stockgeneration.com used to do the former, with their fantasy "virtual stocks" in the cayman islands- after sucking in around 100 million dollars in cash the owners split town with the loot a few weeks ago. (SHOCKER!)

So, our country is doing the latter. We're just bidding up ONE STOCK.

And luckily, that stock is in every major index, so a small amount of money can keep up the appearance of a non-crashing market.