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To: LLCF who wrote (78601)	3/11/2001 10:44:34 PM
From: KeepItSimple	Read Replies (5) \| Respond to of 436258

Does anyone else get the impression this "Zeev" fellow is an ambulance chasing guru? Out of nowhere, after the market collapsed, he starts posting non-stop to the CFZ, and each of his predictions are designed to be "correct" no matter what happens.. ie: "I expect the market to bounce up here for a while, unless it decides to go down, and there is always the strong possibility of just trading sideways for a while before making a strong move in either direction." No wonder he's the most bookmarked clown on SI. Every word he says is designed to cover his sorry ass. Dare I ask if he sells a newsletter? Front running trades has always been the most popular profit-vehicle of gurus like him.

To: LLCF who wrote (78601)	3/12/2001 11:36:44 AM
From: Ilaine	Read Replies (1) \| Respond to of 436258

"Where did the money go" is one of those concepts I always have trouble getting. If you buy a share of stock at $10 and it goes to $400 and then $20, did you lose money or not? I would say no. On the other hand, if you buy a share at $400 and it goes to $20, I would say you did lose money, but the guy who sold it to you has it now. The daily price of a stock doesn't really tell you much about the transactions which occurred on earlier dates. I finally started working on my history of the Great Depression. I've started with July, 1929 because contemporaries say the crash started in August, 1929. The most significant thing I've observed so far that a lack of liquidity caused the market to go down a couple of times in early July - there wasn't enough gold in reserve, it was causing an international money crisis - the Director of the Bank of England took the unprecedented action of coming to New York to discuss foreign exchange with the New York bankers. The New York Fed raised the discount rate in August, 1929 - 1925 Feb. 27 3.50 1926 Jan. 8 4.00 Apr. 23 3.50 Aug. 13 4.00 1927 Aug. 5 3.50 1928 Feb. 3 4.00 May. 18 4.50 Jul. 13 5.00 1929 Aug. 9 6.00 Nov. 1 5.00 15 4.50 1930 Feb. 7 4.00 Mar. 14 3.50 May. 2 3.00 Jun. 20 2.50 Dec. 24 2.00 1931 May. 8 1.50 Oct. 9 2.50 16 3.50 Easy Al may be making mistakes but he's avoiding that one. By the way, money market rates were fluctuating wildly all during the first half of 1929 due to the lack of liquidity - as high as 20%, then down to 6%, within the space of days. So much for the Gold Standard giving stability.