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To: pater tenebrarum who wrote (34677)11/7/2000 5:44:53 PM
From: Oblomov  Read Replies (1) | Respond to of 436258
 
Heinz... you'd better hurry. Only 36 hours left to order a bit of the bubble that was:

pets.com



To: pater tenebrarum who wrote (34677)11/7/2000 7:24:51 PM
From: IceShark  Read Replies (2) | Respond to of 436258
 
My primary point was that if csco crashed and burned today, it could have taken the whole market down, hard. well over 5% on the dung. And perhaps started a new down leg. Tech is no longer perfection as far as the eye can see and damn near every company is confirming it.

I agree in the long run such actions are unlikely to work but to compare the USA to the rummy Asian attempts won't cut it. Two items leap out at me; they are amateurs when it comes to how to manipulate markets. They are also pathological gamblers, and as such, frequently know when the jig is up and when to cut and run.

USA investors for the most part think the market can only go up, any setback will be temporary in the long run, and just won't pull their chips off the table and walk away. Or at least stop pouring more chips into the game.

That is why holding up csco was so important.