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Pastimes : What Can We Do To Bring The Country Back Together? -- Ignore unavailable to you. Want to Upgrade?

To: chomolungma who wrote (26)	12/13/2000 5:03:48 PM
From: ILCUL8R	Respond to of 181

Thanks for your well thought out response. I agree with all that you said except the thought still lingers that there was some criticism of Baker's role in it all. Maybe it revolved around exchange rates and the resultant need for our high interest rates. But, we know that high finance and economics, especially economics, is a dismal science.

To: chomolungma who wrote (26)	12/13/2000 11:15:09 PM
From: The Philosopher	Respond to of 181

Yes -- a lot of those were computer programs that were never designed to deal with prices moving that fast. They kept churning out sell order after sell order for huge blocks, and the massive amount of selling scared off buyers who had no clue what was happening. It was a good thing for some people -- I moved in about three days after the crash and picked up some stocks that did quite nicely for me, thank you very much. If Baker had anything to do with it, I hope he does it again! <g>