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To: pompsander who wrote (40104)4/17/2000 12:08:00 PM
From: blake_paterson  Respond to of 93625
 
pomps:
OTOT
That's just it... the net effect may be that many will be driven into the arms of the fund managers and brokers, etc, once they have re-accumulated sufficient $$. "Please manage my money for me, I got hosed in 2000 and I am too afraid / not qualified to do it."

I don't know whether that is good or bad in the LONG term (5 plus years?), and whether that is good or bad from a macro-economic perspective (my bias is that the destruction of the monopoly on market / finance information and control can only be good in the long term, regardless of what people do with that info).

I called my credit card company this weekend to increase my credit limit, so as to help pay my taxes (this way I can spread the payment out over 3 months). They put me on hold for 1 hour and said they could not process the request in the usual 15 minutes, because of the volume of requests.... Took 5 hours instead. Was this covering margin or taxes or both? Either way, this suggests that it was the the buy and holder who got his / her gonads handed to them this week. Especially if you believe the comments from Quote.com about the selling volume (see my post to Zeev, 5-6 back).

re: <<Me, I listen to Zeev!>> LOL! Careful, he might try and sell you an investment service or a Private Placement! ;)

BP