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To: dday who wrote (5594)	4/17/2000 11:24:00 PM
From: Captain Jack	Respond to of 15615

dday -- good one!

To: dday who wrote (5594)	4/17/2000 11:44:00 PM
From: Big Bucks	Respond to of 15615

DDAY, Wow, that was one impressive dissertation. Brings back lots of memories of yore. The good ole days really weren't that good, but I will say a body didn't have the overwhelming amount of information to filter thru. Life operated at a muuuuucccchhh ssllooowweerr pace back then, but we certainly didn't have the conveniences of today, what a difference 20 years makes!!! Thanks for the memories, BB

To: dday who wrote (5594)	4/18/2000 3:11:00 PM
From: freeus	Read Replies (1) \| Respond to of 15615

Thanks for a most interesting and informative post. Freeus

To: dday who wrote (5594)	4/18/2000 3:49:00 PM
From: MDGO	Respond to of 15615

I as well as others on this thread very much appreciate your post.

To: dday who wrote (5594)	4/18/2000 5:38:00 PM
From: Skeeter Bug	Respond to of 15615

bob, nice post. the one thing i would add is that the govt is heavily involved in manipulating this market... how? just about every economic indicator has been adjusted in the direction that gooses market. when technology didn't produce economic results of the scale the govt wanted, they resorted to adding in chained dollars to goose productivty growth by 100% (adding economic value to items based on performance, not sales price. 1% of the economy (computers) consistently contributes 50% of gdp growth due to this statistical manipulation. these manipulated numbers are the foundation the "new economy" rests on.) they manipulate inflation (recent gas price increases were called "seasonal" and not factored into inflation. adjustments are made to lower the inflation basket % of an item as it goes up in price.) and a myriad of other numbers. the govt also provides the cash for folks to use to play the market. all that y2k money really goosed the markets in nov-march. alan g said he would take the money out, but didn't. why? i believe he wanted to support (read - manipulate) the market. then there are "surprise" interest rate decreases 15 minutes before options expire that produced the fastest 5% pop in the history of the markets. big brother is deep in the markets already.

To: dday who wrote (5594)	4/18/2000 8:03:00 PM
From: Bruce Denney	Respond to of 15615

dday, that was a great read, thank you. That reminded me of the days when traders lived and died with the M1 and later M2 numbers every week. regards BD

To: dday who wrote (5594)	4/18/2000 10:26:00 PM
From: Duane L. Olson	Respond to of 15615

Bob, Thanks so much for reverie... I remember those days all too well. If you were around a bit earlier -- back in 1974 there actually were several stocks which sold at PE's under 2 ...right, TWO! And from the (double bottom) low of Dec '74 to the following February, it was fairly easy to get a triple on your stocks (examples: American Medical International (AMI) , Hospital Corp of America).. AMI, before it petered out, was a 32-bagger. About the only thing I detect in your comments that I might not agree with 100% would be the role of government in free markets. I'm of the libertarian bent, and would like to keep the government out of the free markets to the maximum extent possible. But we do need an occasional traffic cop to keep the traffic running -- just as long as the cop isn't jumping into the vehicles to run your car for you. And the surest way to keep the government out of free markets would be to obey the law. Breaking the law is what brings the government in, imho, not some perverse pleasure on the part of bureaucrats in the Justice Department wanting to leap out into the pool of public abuse. Most companies DO obey the laws, and we don't see a lot of Justice types hanging around their Corp Headquarters. Otherwise, couldn't agree more... Thanks again!! DLO