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To: High-Tech East who wrote (41685)2/28/2001 4:22:42 PM
From: Charles Tutt  Read Replies (1) | Respond to of 64865
 
I think that over simplifies things. Lots of other macro changes have occurred. For instance, before WWII, I don't think there was a significant derivatives market (or at least not on the scale we have today). People weren't trading the QQQ, because it didn't exist. Derivatives have some positive effects (e.g. enhancing liquidity), but I think they also increase volatility. Increasing volatility decreases (IMHO) the likelihood of sitting in a trough.

All JMHO, and WDIK?

Charles Tutt (TM)



To: High-Tech East who wrote (41685)2/28/2001 4:32:14 PM
From: JDN  Read Replies (1) | Respond to of 64865
 
Hey Ken: I dont think I like these guys!! Geez, what a bunch of pessimists, or.... could it be they are attempting to STRUCTURE for their own gain?? I wouldnt trust anyone called ROACH. JDN