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To: William Hunt who wrote (26066)5/22/2000 1:26:00 PM
From: Sonny McWilliams  Respond to of 27012
 
Bill. Re: Hope you are right about the rest of this week.

Let's hope that this analyst, I mentioned, is right about the rest of this week. I have a hard time making head and tails out of this market right now. All I am doing is sitting on my hands and watch my stocks go down.

We could have a bigger percentage of retail investors if more people would give less money to the houses and invested the money themselves.

With that low volume lately, and big money not buying much, day traders are playing havoc with stocks. And I listened to some of those day trader houses last week and a lot of them acknowledge that they are influencing the markets. Even some fund managers and good analysts are being dumb founded by this new way of investing. Thanks again Ms. A.C. for starting this tech wreck by proudly announcing that "we will reduce our tech stocks by 5% even though we will leave our price targets in effect".

I can't believe that I have 1 stock in the green. Yahoo. I guess that's something to yahoo about. I probably should not have mentioned that. Hope it's still green by the time you read this.

It looks like I am losing a Mercedes a day. I guess I will stay with my little economy car.

Do we really believe that Greenspan and company is going to stop raising rates? Maybe if they are doing their own research instead of listening to newspapers. But who knows what came first. The chicken or the egg? Did Greenspan start it or the finance news media? Can we still remember after all this carnage?
BTW. This bearded guy from the WSJ was on CNBC this morning. Yikes. If those guys don't start to think a little smarter, I will cancel my WSJ subscription. Why should I pay 300 bucks a year to them when I can listen to some of them spouting this trash on CNBC.

Sonny



To: William Hunt who wrote (26066)5/22/2000 2:01:00 PM
From: Sonny McWilliams  Read Replies (1) | Respond to of 27012
 
Bill. Looks like we have our own private thread today. Only Brian interrupted us. gg. Just kidding Brian. Come on a bit more.

Anyhow. I just listened to the author of "The selling of free trade". I believe his name was McCarthy. I may read that book. Could be an interesting book. It sounds like what I have been saying.

He noted that the fast track trade agreement with Mexico has not brought more Unions or better wages to Mexico and why would anyone think that it would be diff. with China. I got in a t the end and don't know if he is for or against the WTO pact with China. All I know is that Bill gave him a real hard time. I guess he tried to change his mind because business likes this agreement. Too bad Bill does not help business out as much when it comes to those analysts parading on CNBC. Then it is generally, oh, thank you for coming on and giving us your lovely opinion that stocks have to go down some more. gg.
I still believe that China should open their trade a bit more with us before giving them permanent status. If they restrict us that much now, why would it be better later? Generally things go like the Miss. slogan: Show me.

Still a lousy market today.

Sonny