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To: pater tenebrarum who wrote (57733)	1/12/2001 7:19:19 PM
From: UnBelievable	Read Replies (1) \| Respond to of 436258

I Like Straight Down This up and down stuff makes me crazy. Given this morning's news I thought the market was held up pretty well. If we had a more benign PPI and a little less retail sales we might have been well on our way to 3,000. It was good to see that retail sales were up a bit since it means that not all of the significant credit expansion we have seen in the last couple of months has gone into stocks. What is it going to take to kill this mania? My sense is that the current revival is being fueled much more by MuFu manipulation than individual "investors". It is a strange world we live in. I can recall a time when any institutional or significant investor went to great pains to conceal the fact that they were buying a stock for fear that it would increase the cost of their trade. Now it seems like most of the investments are being made at the highest price possible and in such a manner as to draw the most attention. Now that people have been trained that the best stock is the one that has gone up the most the mania model of investing seems fully entrenched. I suppose some day it will dawn on people that the balance shown on their statements only represents the value of the last share traded - and is the same value which appears on each of the other millions of shareholders statements. And that on any given day if one too many people decided they wanted to trade in their shares for dollars they would find far fewer dollars than they expect. I used to wonder what happened to all the money that was lost between NAZ 5000 and NAZ 2500. Then I realized that nothing happened to it, it was never there in the first place. BTW - I wonder if people will ever figure out that if the money which was channeled to doomed dotcoms by unscrupulous VC's and Investment Banksters had been invested in additional efficient and relatively clean power generation the result might have been greater real wealth rather than paper wealth. But who would want to invest in a utility that may go up 10% in a year if you are lucky - even if it did used to pay a dividend.