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To: KeepItSimple who wrote (55425)1/8/2001 7:50:49 PM
From: patricia c. reilly  Read Replies (2) | Respond to of 436258
 
I'm a longtime lurquer here. Noticed the discussion about prozac and the bull mania. On Sunday March 5, 2000 The New York Times ran an article in the businees section entitled A Psychiatric Theory of Irrational Exuberance. You could probably find it in the NYT online archives (if they didn't lay off the archivist this week). The gist of it was that online investing and the market mania were being fueled by intelligent, sophisticated urban types who liked to spend their isolated days in investment chat rooms plotting reckless, self-destructive stock buys with like-minded individuals. The author concluded that the only explanation for this was that we were all stoked on SSRIs. He thought that the government should launch an investigation but didn't know if it should by done by the National Institutes of Health or the SEC.

He also noted that only one-third of the people who need prozac are actually taking it. So I guess that the SSRI Indicator points to more upside for the naz.

Trish