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Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: patron_anejo_por_favor who wrote (6545)	7/27/2000 5:11:42 PM
From: patron_anejo_por_favor	Respond to of 436258

Could this be a sign of overtrading? (GOD help us all).... forbes.com Forget Cookies. Today's Youngsters Would Rather Make A Mint Than Sell One. Join The Girl Touts By Silvia Sansoni FOUR DOLLARS FOR TOMMY! Four dollars! Three dollars for Tommy!" Tyshara Durley is desperately trying to unload her Tommy Hilfiger stock as it falls sharply on the bogus news that the designer made racist comments on the Oprah Winfrey Show. Waving a mock stock certificate with the urgency of a trader on the floor of the New York Stock Exchange, the boisterous 12-year-old Girl Scout closes the deal when Katrina Thibeault, age 10, offers two dollars a share. The venue for this prepubescent trading pit: Financial Camp, a two-day investment seminar for Girl Scouts held at the Springfield, Mass. and Boston offices of Salomon Smith Barney. Founded by Salomon Smith Barney portfolio manager Margaret (Meg) Greer, a volunteer Girl Scout leader, the camp aims to make women wise about investing at an earlier age. The girls form investment clubs and pick out stocks for their mock portfolios. The Young and Beautiful Blue Chips load up on Coca-Cola and McDonald's while the Baby Boomers go for Apple and Johnson & Johnson, sensing they've hit their lows. Camper Elizabeth Goldberg, 11, is a real-life investor, too, using an account her grandfather set up for her. "Delia's is an okay stock," says Goldberg of the teenage clothing catalog company, "but I'm definitely keeping AstroPower. It, like, got a lot of contracts in Europe and Asia because of gas and oil shortages and stuff." The youngster says she picked almost all the companies in her portfolio: Disney, Mattel, McDonald's, Delia's and Yankee Candle. And while she aspires to be an astrophysicist when she grows up, understanding the capital markets "helps me learn about the real world." Day campers like these are as enchanted by money as they are by Harry Potter tales. Thanks to custodial accounts opened by their parents and grandparents, more children than ever own stocks and mutual funds. Chicago-based Stein Roe Mutual Funds group runs a fund tailored for kids. Its Young Investor Fund has grown from 4,000 shareholders in 1994 to 230,000. Quarterly newsletters written for children with snappy language and bright pictures and games accompany a "report card" on the fund's performance. By the end of session for Financial Camp the girls' heads swirl with P/E ratios and ticker symbols. Katrina Thibeault hugs one of the stockbrokers and whispers, "When I grow up I want to be a broker with Smith and Barney."

To: patron_anejo_por_favor who wrote (6545)	7/27/2000 5:56:43 PM
From: pater tenebrarum	Respond to of 436258

you mean it will be exported.... there's not too much danger w.r.t. treasury bond holdings, but corporates and equities could see a dose of repatriation...it wouldn't take much as it were. a marginal shift would suffice.

To: patron_anejo_por_favor who wrote (6545)	7/27/2000 6:41:27 PM
From: NOW	Respond to of 436258

Defending the dollar would seem more important than asset prices. I wonder if AG and gang can't manipulate our markets just low enough to look like more real value to foreigners, keeping that stream of cash flowing. Gotta keep interest rates high enough and with the promise of interst rates falling so profits can be made for holders. Martin Armstrong used to write that foreign ownership of our equities would need to be much higher before this sucker collapsed. Maybe he was right.