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Politics : High Tolerance Plasticity -- Ignore unavailable to you. Want to Upgrade?

To: MetalTrader who wrote (7416)	9/5/2001 2:00:57 PM
From: jim_p	Read Replies (1) \| Respond to of 23153

I win. Weekly American Gas Storage Survey Published: 8/31/01 1 Report of Estimated US Working Gas Levels In Underground Storage as of 9:00 AM Friday Week Ending August 31, 2001 Estimated Working Gas in Storage This Week Last Week Change Percent Bcf Bcf Bcf Full(5)5 Producing Region2 712 691 + 21 75% Consuming Region East3 1,442 1,393 + 49 79% Consuming Region West4 418 411 + 7 83% Total US 2,572 2,495 + 77 78%

To: MetalTrader who wrote (7416)	9/5/2001 2:38:36 PM
From: cnyndwllr	Read Replies (3) \| Respond to of 23153

MetalTrader, Re: <<Unlike some I don't enjoy watching people getting desperately buried >> It's not that bad. I think I see a white light already. gg. On a serious note, I agree that as long as there is optimism there is room for the market to fall. I see your point as being mainly accurate with respect to the casual investor. In the wings are the institutional investors with their economists, their research and their funds to move the market. I don't think they listen to cnbc, I think they program it with their "informed opinion" views. The way I see it now, there is a quickly decreasing amount of wealth left that can be wrung out of the casual investor. The dollar amount of the individual stocks is much lower and the amount of seed money and effort it takes to move stocks down from here seems greater in view of the indications of an economic recovery within the next 2-3 quarters. I think the chances for a true panic blow off in stocks are not high. The other factor that I haven't seen discussed is that if we get a real homewrecker of a blowout bottom, will that be long term beneficial for the institutional investors that could likely cause that? In order to trade you need traders and new money. That means you need investment and the more investment the better if you are a fund manager or other institiutional investor. I can't see the market being manipulated so low that small investors are scared out of it for a substantial length of time, and I don't see any near term catalyst to send it there on it's own. You seem to envision a scenario where everyone is running for the exits and leaving their purses and wallets behind as they try to survive. I see a scenario where a blue light special is advertised and everyone is belly bumping and looking for bargains. With the economy in improving shape it is my feeling that the big funds can move the market at will with seed money and their ability to access the media and pump it, and in light of my view of that it is in their interest that the market moves up soon, I'm still betting on a near term rise in the markets. By the way, to follow up on some of the many comments made on media and market manipulation, it amazes me that any superficial after the fact explanation for why the market moves up or down can get such universal and blanket coverage. It's a mecca for manipulators. Ed