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To: robnhood who wrote (50977)12/24/2000 8:15:32 AM
From: Box-By-The-Riviera™  Respond to of 436258
 
What sometimes amazes me is how little the money managers talk about making money for the people they represent. They care only about beating each other which is not directly related to actually preserving capital or appreciating it..... if all the funds lose money, but one loses less than all of the others...well...there's your top ranked fund whose managers meet the bonus requirements...... then they blame j6pack and the so called day traders for the volatility etc etc etc when in fact we've seen all year a concerted effort by large houses to move sectors or rotate in and out of markets to sqeeze performance...i.e. all those guys have been day trading in the worst way (or best). These guys will be more than happy to crush the retail side if they can, scare what's left of retail money that isn't margined back into managed funds, and get control back.

Levitt is leaving and the administration's position on trade, debt, taxes, the dollar seems already shaping up for a radical set of changes vs. what has appeared to be over the last 8 years market friendly postures. Bush certainly has no interest in supporting the bubble if he can crush it early in the administration.....ergo: he then has four years to fix the damage and stand a chance for re-election....the second of his father's crosses he bears.

what's left. good fundamental research and FD creating a more even playing field. Now anyone can be an analyst without benefit of spread sheet guidance... unless of course FD gets modified or lacks enforcement post-levitt.

I'm also thinking that watching consensus views from wall street will now tell you where the wall street MO MO money will flow....and consensus won't mean they've done their homework.... it means they will pile on and then sell it to the non-diligent public... under FD I think that's going to be one of the new games....though not much different than the old one.

Maybe someone should start a talking heads poll...and slot the comments by company, sector, outlook etc.... in monitoring consensus...

or....

never mind.

regards

J

J