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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?

To: Voltaire who wrote (1341)	9/14/2000 6:22:39 PM
From: mike machi	Read Replies (1) \| Respond to of 65232

Voltaire, What did you think of the RMBS meeting today? Thanks, Mike

To: Voltaire who wrote (1341)	9/14/2000 6:25:03 PM
From: Venkie	Read Replies (2) \| Respond to of 65232

I will make my move on Rmbs tomorrow..Below 80 if possible. I sold my extr today at a nice profit..I will buy that one back if it takes a hit.As in the past my brcm trade was enuf to buy some dog food for my new shorthaired german Pointer..I got me a 10 wk olp puppy Sunday and named him Nasdaq/naz for short.They are really smart dogs and I hv fell in love..HE WILL BE AN OUTSIDE DOG<gg>point blank period.

To: Voltaire who wrote (1341)	9/14/2000 6:38:43 PM
From: sam	Respond to of 65232

I agree. The "smart" money on the street is forever trying to frighten us out of growth and technology and into the "quality" names. Quality -- yea right. They don't call them the dogs of the Dow for nothing. Whether its because they simply want to churn us for commissions...or unload a neverending pile of dead-money garbage on us, I'm not certain. But the same dance takes place quarter after quarter. With the same arrogant rhetoric. By the same supposed "experts." And once in a while they are actually able to cause a minor panic (like in March). That's when we saw actual glee on the faces of the NYSE floor traders interviewed on CNBC. The guys who are convinced that T and IBM are still THE technology leaders. And that those are the only names you need to know in the entire technology space. The market has already passed some of those guys by, I'm afraid. As it will, I suppose, all of us someday...when we become too focused on the rules of the past...and less willing to adapt to change.

To: Voltaire who wrote (1341)	9/14/2000 6:54:26 PM
From: RocketMan	Read Replies (2) \| Respond to of 65232

Can't disagree, V-man, if you equate my "market" = your "houses." There is no doubt that the market acts in concert, especially when we see mass buying or selling all at the same time, at the same level, as happens with melt-up/downs. It is similar to the way that a thousand sheep weighing half a ton can be brought into a corral by a 50 pound dog barking at the right time and with the appropriate volume (now I am really out of my element). Where we may disagree is that I believe even this happens randomly, in a chaotic way, rather than in an organized, coherent, planned way. I don't know just how much manipulation can take place, in the long run, in a 7+ trillion-dollar world economy. Granted, the markets move at the margin, and it doesn't take much to create large market movements, but I'm skeptical about manipulated, concerted, long-term efforts by houses to accumulate shares ahead of large runs. This can be done on individual stocks, especially those with small floats, for short periods of time, but if houses have that kind of power to move world markets over the long run, I'm buying shares in ML, NITE, etc :-) Having said that, I do agree that the "houses" will do whatever they can to make money at the expense of the little guy, as that is their business. They could give a hoot about the economy, or prosperity, or anything but the bottom line, as well they should. We, OTOH, need to understand that nothing in this world is guaranteed, but those who have bet on the American economy for the long term are the historical winners, and not many who have bet against the American economy for the long term have won.