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To: KeepItSimple who wrote (40564)	11/23/2000 4:40:58 PM
From: patron_anejo_por_favor	Read Replies (3) \| Respond to of 436258

Futures are rocking with the Fla Supreme Court decision favoring Bush. Looks like tomorrow may not be so "dull" after all. Good chance to ramp it up and make the weeklies look respectable.....

To: KeepItSimple who wrote (40564)	11/23/2000 4:45:34 PM
From: re3	Respond to of 436258

<<<The concept that the market might not bounce back immediately is completely alien to them- a couple of points: -no, some do accept this notion on the understanding that stocks eventually always come back. -the bit i use instead of the nikkei is the example of the mkt ending up in 20 yrs where it is today, with a 2 % mgmt fee, 40 % of your $ would be gone just in fees -people cannot divorce the concept of high tech being the future (yeah it is) from the individual high tech stocks THEY happen to own. the high tech winners of the future may not and probably are not even in the nas now. yahoo was an excellent vehicle to make money, but is DOWN SINCE it joined the s/p. if cisco joins the dow it will do so AFTER its best days. -brokerages up here have clients fill out a kyc form (know your client), on the bizarre (imo) notion that a brokerage can 'know' what is a 'good thing' vs a 'bad thing'. i presume that index funds or bonds are a 'good thing'. i don't recall any customer ever shown a calculation that would let them know the drop in their nav if long bond interest rates double. i guess they are too busy explaining away the nominal mgmt fees <g> -i wouldn't discount a year end rally at some point

To: KeepItSimple who wrote (40564)	11/23/2000 4:48:39 PM
From: re3	Respond to of 436258

<<<The concept that the market might not bounce back immediately is completely alien to them- a couple of points: -no, some do accept this notion on the understanding that stocks eventually always come back. -the bit i use instead of the nikkei is the example of the mkt ending up in 20 yrs where it is today, with mutual funds with a 2 % mgmt fee, 40 % of your $ would be gone just in fees -people cannot divorce the concept of high tech being the future (yeah it is) from the individual high tech stocks THEY happen to own. the high tech winners of the future may not and probably are not even in the nas now. yahoo was an excellent vehicle to make money, but is DOWN SINCE it joined the s/p. if cisco joins the dow it will do so AFTER its best days. -brokerages up here have clients fill out a kyc form (know your client), on the bizarre (imo) notion that a brokerage can 'know' what is a 'good thing' vs a 'bad thing'. i presume that index funds or bonds are a 'good thing'. i don't recall any customer ever shown a calculation that would let them know the drop in their nav if long bond interest rates double. i guess they are too busy explaining away the nominal mgmt fees <g> -i wouldn't discount a year end rally at some point