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

To: edward miller who wrote (45220)	4/6/2000 12:42:00 PM
From: RocketMan	Respond to of 99985

Hey, speak kindly of those gentlemen, they were the PPT of 1929 :-) Here's an actual report from October 30, 1929, as carried by the Washington Post: Unofficially, it was ascertained that large corporations, including U.S. Steel, had stepped into the market today to purchase stock for their employees' stock purchase plans, as well as for their investment accounts, and that these purchases had been supplemented by the buying of wealthy capitalists for their individual accounts. Rumors that the banking group was a seller of stock were denied. Given the outcome, I think that was a pretty good rumor.