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To: Les H who wrote (30063)	10/20/2000 10:19:17 AM
From: marginmike	Respond to of 436258

I am surprised that No individual, or institutional investor hasnt seeked civil action against an analyst or firm. Especially with the oodles of blood sucking lawyers out there.

To: Les H who wrote (30063)	10/20/2000 10:39:19 AM
From: Oblomov	Read Replies (2) \| Respond to of 436258

Does anyone have a sense for how the slide in the Nasdaq will affect the holiday shopping season? From speaking with some friends and acquaintances (it's amazing I still have any -- I warned everyone in Jan-Feb and they thought I was nuts) it appears that the "poverty effect" is already at work. One friend bought a large, lakeside house in the affluent area of town, intending to pay for it with gains made on AOL and AMZN. She is now being forced to take out a large mortgage. Another friend bought TERN, NOPT, and VERT in early March... for a few weeks he was intimating that he might retire in a few years. Needless to say, his focus has been retrained on his job. From other friends I am hearing that they are sick of extravagance at Christmas and that they are only giving small gifts this year. I hate to see friends in pain (although as a good Nietzschean, I know it is for the best in the end), but these phenomena fascinate me. Which comes first, the social retrenchment or the market retrenchment? Or, are they both symptoms of an underlying change in mass psychology?