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To: Art Bechhoefer who wrote (93342)	8/9/2001 10:01:07 AM
From: SliderOnTheBlack	Read Replies (4) \| Respond to of 95453

Art B ? ... couldn't disagree "more" - with that "Debt BABBLE" article huh (VBG) ? Well hell Art; you be one of "THEM" - not one of "US"... After all, you run money - our money, other people's money for a living - why the hell should we trust you, or anything you, or your peers say here ? Get real ! They just pulled the curtain back on the Wizzard's (analysts & fund mgrs) here. The Emperor has no clothers. Look at this entire "analyst" scandal... Merrill's settlement, the Congressional hearings etc. Just go back & look at Raymond James Oilpatch commentary over the last couple of months.... you'll get whiplash !.... those A$$holes we're cheerleading & waving pom-poms at the TOP - spewing new paradigm & extended cycle hype right up to the collapse and then after the fact - shifted gears to a bearish bias - like nothing F'n happened ? Look at the recent Chip Stock pump & dump ? These "RAT BASTARDS" (my fav' term du jour) have been exposed... their job is quite OBVIOUSLY first & foremost about their loyalty to their undewritting & bond clients first, their "most favored status" Instititonal Clients second - and "we" are just fodder.... allways have been, still are & will continue to be. You guys need "us" to stay in the game here Art. Your jobs, your existance depends on keeping us "in" - when the $hit hits the fan. You guys know you can't sell the "Extended, multi-year cycle - Energy Crisis" story any longer, or the "this time it's different - new paradigm" -Party Line... so now; these Oilpatch stocks are "VALUE" plays ?!?!?!? - contrarian plays !?!?!?!? .... I want to laugh my ass off here. I've heard 5-6 market mavens of late - warning that it may be "too early" to dip into the Oils here - quote/unquote. "TOO EARLY" ????????????? .... tooo F'n EARLY ? EARLY ? - how about 30 damn MONTHS - TOO LATE ! One should have been "entering" about 30 months ago & EXITING - taking profits & chips continually off the table for the last damn 9 MONTHS ! Now I'm not meaning to attack you personally - not at all & I very much appreciate your sharing a market-sided perspective with us; but since you are "one of them" - you gotta take the heat (VBG). One of the great lessons gleened by this recent environment - is the blatant duplicity on Wall Street & how the game is played with OPM. Art; imho - the single greates factor that this new Internet-Investor experience has given "us" - is that we can beat "you" at your own game & do it over & over & over again.... and the first precept that we must adopt in order to win; is to not believe anything "you" guys ever say...to continually be cynical & skeptical and to first & foremost; realize that we MUST allways beat you in & beat you out of sectors, or individual stocks. We can be faster.... we can not just exit entire positions in seconds, but withdraw completely from the market in seconds ... literally seconds, or a couple of minutes. And we can do it cheaper.... literally for $9.95 a trade, or less - we can dump up to 5,000 shares of a stock like BJS at $70 a share/a $350,000 trade in one click of the mouse - in 10 seconds. We can "be completely" out - without moving the tape, we can do it in seconds & we can do it for $9.95, or less. We also get perhaps 75-85% of the news as quickly as you do. And now, thanks to Reg -D; we don't have to wonder why RIG is collapsing on no news anylonger - only to have them miss the numbers, or lower expectations days later... or so we thought anyway (VBG). So Art; as the curtain has been pulled back, as we've all seen that the Market Emporers have no clothes... please excuse our cynicism & skepticism - as it's not only warranted, but should be expected. You know this move on the Street to give analysts the freedom to issue more "SELL" orders etc is just the beginning...and it's not nearly enough. When the freedom of fund managers allows them to be 50%+ Cash, or to actually short stocks like hedge funds... then & only then; will there even be a semblance of a level playing field given to "our" money - your OPM...