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To: velociraptor_ who wrote (49128)	3/14/2001 7:41:12 PM
From: onurbius	Read Replies (1) \| Respond to of 57584

"tons of cash on the sidelines waiting to be put to work" retoric over the last few months is nothing but hogwash. That cash is GONE." Not exactly. The cash doesn't vaporize, it just changes hands, as in from ours to theirs. It could have been from theirs to mine if I had stuck by my convictions in early 2000 that the "millenium crash" was indeed coming. Naturally I got rid of my shorts long ago, all of which would have made me fabulously wealthy now. Whatever, the point is that shorts of every ilk have made a ton of cash, which will be put to use at some time in the future along with the actual cash which was uninvested before the GreenCrash materialized.

To: velociraptor_ who wrote (49128)	3/15/2001 7:33:37 AM
From: elmatador	Respond to of 57584

If the cash os gone? Where did it head to?

To: velociraptor_ who wrote (49128)	3/15/2001 2:24:19 PM
From: J D B	Read Replies (1) \| Respond to of 57584

Velo, my thoughts on the "cash is gone" issue: It appears that not only is the cash gone, but so are many of the people who were spending it in the markets! In my opinion, most of the people that have exited have done so because they're out of investing money - they were the "greater fools" at the top of the pyramid - they were the people that the stock speculators were selling to. Without those "greater fools" in the market with their foolish cash paying too much for equities, it's going to be very hard for the markets to see valuations like we have before, and it's probably going to be hard to retain the valuations we currently have.