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To: OLDTRADER who wrote (164432)3/16/2001 11:51:49 AM
From: D.J.Smyth  Read Replies (1) | Respond to of 176387
 
Old, I'll take your word for it. There is 3X as much money on the sidelines (Ms, money markets, instruments, treasuries, etc) now as there was when the Nasdaq originally began its run from 1900 to 5000.

Niles hot on the PC at $35. Niles kind of sick of the PC at $24 (not as sick as he thought he'd be though).

Then we get posts telling us how brave and wonderful these IVY league trained minds (POISON IVY?) can figure the world markets.

The BIS, employing some of the best, predictive minds in the world, tell us not to worry in August, to continue to be vigilent toward inflation; not to be too concerned about the equity markets; inflation is the real monster. Then, well, in March, the equity market is doing a lot worse than anticipated...the "unexpected slow down"

Meanwhile, the savvy WallStreet traders who ride the subway seem to fair well, thank you.

If the traders, like yourself, are calling this the bottom, then so be it. You've been right more often than most.