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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: pater tenebrarum who wrote (80851)5/18/2000 9:50:00 AM
From: Tommaso  Read Replies (1) | Respond to of 132070
 
According to Shiller's book, by far the strongest factor in a decision to put money on a stock or into the market in general is still person-to-person contact either face-to-face or on the telephone. Even direct written word, as on this thread, has a lot less effect.

BTW, Ted David is responding with much irritation to criticisms of CNBC over on that thread. Shiller does credit (blame) news media for generating and maintaining a general atmosphere of excitement and optimism about markets.



To: pater tenebrarum who wrote (80851)5/18/2000 10:48:00 AM
From: Knighty Tin  Read Replies (1) | Respond to of 132070
 
hb, That is because investors as a group seem to have a lot of short term memory loss and selective memory. Not me. I still remember the Merrill analyst who told me that Ampex was the stock of the future back in 1967. And if he were still alive, I'd punch his lights out. <g>


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