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To: H James Morris who wrote (118806)	2/27/2001 10:26:10 PM
From: Victor Lazlo	Respond to of 164684

<<Bottom Line - There is a ton of wealth disappearing and just like there is an elite financial class in society, there is an elite class in the Market making the bulk of the money with most of the advantages. This is a Pro's market where only the very best or those "on the inside" can make much. >> Much of that post you quoted is baloney. I do not buy the whole conspiracy thing that many downtrodden investors tout. I used to see lots of these same kinds of posts during th eheight of the bull market mania not long ago. Everyone is victimized by the big bad limo occupants on Wall Street. cmon! MMs are getting creamed too on most of these earnings warnings becuase they cannot balance the orders yet they still have to make the market. Hedge funds run by some of the smartest and most savvy people in the business are closing down or doing very badly. A lot of the $$ in the market is made on order flow. It's the volume that counts, and volume has been poor lately. The buying half of the equation is missing and that's a big part of the deal. There are very few money mgrs who can make 20% /yr consistently over time. And yet the guy in your quote thinks everyone with a tie on is making 800% in this tanking market. Sure. There are plenty of other aspects too and I could go on and on, but I won't. Victor