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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Mike M2 who wrote (86061)	11/29/2000 10:19:37 PM
From: BGR	Read Replies (1) \| Respond to of 132070

Mike, Point well taken. This is exactly what the Fed wanted, and paves the ground for rates cuts. -BGR.

To: Mike M2 who wrote (86061)	11/30/2000 1:39:30 AM
From: Skeeter Bug	Read Replies (1) \| Respond to of 132070

mike, what bgr doesn't understand is that the AVERAGE tech investor is down as we speak. why? the not so secret is volume. volume tends to increase drastically as price increase. a lot more people were buying the naz at 4500+, bgr being one of the most vocal ;-) than bought it at lower levels on the way up. 1 share a naz 1000 and 2 shares at naz 4500 = a big loss at present levels - even though the naz is up 170% from the first purchase. some folks aren't good at math and can't figure this out. a HUGE % of tech investors are CRUSHED. their ignorance monetized by insiders that will NEVER run a corporation at a profit. reminds me of william shatner "i can't wait until this gig is up... i'm gone, baby, i'm gone" ;-) tens of thousands of people are sitting on recent mortgages where they took out money to invest in naz 4k+. now that they have lost a lot of the money, the increased mortgage is a *itch. stupid is as stupid does, though. anybody that thought the bubble market was real had more cents than sense.