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To: MythMan who wrote (14775)	8/30/2000 11:06:55 AM
From: Lucretius	Read Replies (1) \| Respond to of 436258

F*CK! you are so obtuse today... what's the deal?... the merger is COINCIDENT... THAT is the point!!! its like your grandmother finally opening a brokerage acct after 80 yrs of staying out and then buying YHOO. she didn't cause the top, it was just a signal. "thinking that big mergers mark tops is also ignorant" HUH??? you can't sit there and say the sky is not blue. You are WRONG, period. C fell more than 60% from that high. that's a top of some significance, especially if one is short -g- a top is a top until a new high is hit..., i never said this would be the all time high for ever and ever in the brokerage stocks, i said it could be A top, marked by this merger. Very few tops stand forever and ever, they are simply tops of varying degrees as measured by the time it takes to get back there. you just want to argue about everything for some reason... why not read what someone is posting before immediately jumping on the defensive to anything that does not support a "trading range" -g- ok?

To: MythMan who wrote (14775)	8/30/2000 11:16:40 AM
From: Perspective	Read Replies (1) \| Respond to of 436258

I'd point out that the "buying opportunity" during the LTCM/Russia crisis would have BEEN the top had it not been for the massive printing by the global central banks. And printing can't really fix anything - just postpone it. The idea is to stabilize the system temporarily, then fix what caused the problem, then remove the excess liquidity. Greenspan has done neither. Derivatives and risk levels have just continued soaring, and the money injected was just followed by ever larger chunks of liquidity. BC