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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?


To: Bill Jackson who wrote (105846)4/15/2000 9:58:00 AM
From: Jim McMannis  Read Replies (1) | Respond to of 1573988
 
Bill,
RE:"All that money vaporising! Some was fake bubble money, but a lot was earned money and many of those people will turn away after this crash, and will have to work to pay debts back. That means there will be fewer dumbass day traders and less money in circulation and this means a more or less flat market for a while until the lessons learned are forgotten."

As far as the NASDAQ is concerned, I'm afraid you are correct. Any more down and the froth will have been skimmed off..
I figure the day traders, who played momentum by buying any dips, are history...so are their new cars, boats and houses...

Jim