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Pastimes : All Clowns Must Be Destroyed -- Ignore unavailable to you. Want to Upgrade?

To: robnhood who wrote (34915)	5/23/2000 7:00:00 PM
From: Defrocked	Read Replies (3) \| Respond to of 42523

I thought about responding to that post since it had so many logical inconsistencies. Truly remarkable...that guy may never know what hit him. He thinks the Fed is "pre-emptive" and leading rates; 6% to 7% rates will cause a crash? He must believe there's no inflation and the Fed is wrong. And feels that supply/demand laws are only operating correctly when prices rise. Apparently record IPO activity and insider selling has nothing to do with supply? He says the public is willing to invest and weather the swings: well guess what, these are the swings and it can be worse. Did the public believe stocks could never go own??? Obviously the record margin levels suggests many did. And the "oldtimers" aren't forcing the market down. Hell, most of them are just refusing to play. The lack of liquidity exhibited during the runups may be even worse on the downside. Long term investors should relish downturns as it gives them additional opportunities to load up on value.-s-