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Pastimes : All Clowns Must Be Destroyed -- Ignore unavailable to you. Want to Upgrade?


To: Investor2 who wrote (19766)3/22/2000 10:27:00 PM
From: Ilaine  Read Replies (2) | Respond to of 42523
 
Well, that's sort of the point, isn't it? Destruction isn't exactly warm and fuzzy. It may be all too human to wish that one's enemies will have their comeuppance, but most people don't relish the prospect of ordinary Joe Six-Packs, and Mom'n'Pop investors being stripped naked, and left bleeding on the wayside. But they don't listen to us, and if you listen to Bobby Beara, David Smith, BGR, and others of that ilk, we're just a bunch of morons, anyway. So don't blame us, we tried.

Even Forbes recently had a long article about Celera, questioning when, if ever, it will make money, so it's not like these issues are kept hidden. But hey, it's a Rule-Breaker, or is it a Rule-Maker, whatever that means.



To: Investor2 who wrote (19766)3/23/2000 8:03:00 AM
From: Cynic 2005  Read Replies (2) | Respond to of 42523
 
I2, it is really unfortunate. Some people claim that the Feds never told any one to get in to the margin. Grownups make their own choices and live by them. It is the case, in many walks of life - not in investing. The Feds HAS a responsibility to keep the balance in the economy. They should not tilt in such a way that one sector is favored over the other so that people can make foolish choices. If a toddler tries to stick his tongue in to electrical outlet, it is parents duty to prevent it.

Whether we like it or not, there are going to be more gory stories than this. When the whole thing implodes, which it will, I would not be surprised if there is a lot of bloodshed. As a matter of fact, despite taking heavy blows (financial) myself, as a person with bearish views on the market, I will be seen as a villian (I hope that is not what you are implying in your post).