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To: blake_paterson who wrote (40097)4/17/2000 9:11:00 AM
From: blake_paterson  Read Replies (1) | Respond to of 93625
 
To all:

Call me paranoid, but I view this crash as symbolic of the MM and Institutional's ongoing war against the insurgent individual investor.

I don't mean to rant, but consider the timing of it all:

During the 2 weeks leading up to tax day, when capital- and short-term tax payments of unprecedented magnitude are due from our ranks. No better time to try and kill the concept of being your own master / fool in the equities markets. Kill it with maximal pain and financial loss, extracting US$2 Trillion of wealth during the 2 weeks of the year when individuals most need liquidity. No better way to force hundreds of thousands to walk away from the markets, humbled, confused and financially broken.

Just a (paranoid) thought, FWIW.

Back to my day job.

BP



To: blake_paterson who wrote (40097)4/17/2000 9:28:00 AM
From: Zeev Hed  Read Replies (1) | Respond to of 93625
 
BP, I have been in as much cash as I wanted to be, so I will not sell into Monday, I promise.

Zeev