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To: AllansAlias who wrote (13485)9/13/2001 3:21:08 PM
From: John Madarasz  Read Replies (1) | Respond to of 209892
 
exactly

insiders will use this opportunity to to their maximum advantage

no ifs ands or buts



To: AllansAlias who wrote (13485)9/13/2001 3:27:38 PM
From: JRI  Read Replies (1) | Respond to of 209892
 
That's exactly my point. The Cowen guy is holding others...pleading w/others to hold to a standard that he and others on the Street most definently will NOT hold to (ie., we are not selling). He is doing this "advice/admonishment" under the pretext of the emotion/patrioic feeling that's arisen from this crisis.

He knows this. He can't be so stupid as to not know this. It is because he has been an inside cog on the wheel of the Wall Street machine that he actually thinks this way/presents this way. I find it disgusting that this card is played. At a minimum, he should say nothing or hedge his thoughts. How can he sit there and say "don't sell"? My goodness, people have their retirements, kids college education, and other things at stake.

We are so screwed. This is the CEO of a major WS firm. The misallocation of capital will be going on, in many forms, for a long, long time. And J6P will be the bagholder for a long, long time. It is sad, IMO. Bad enough during normal times. But the cheerleading during these times....I find horrendous.



To: AllansAlias who wrote (13485)9/13/2001 4:25:52 PM
From: patron_anejo_por_favor  Read Replies (1) | Respond to of 209892
 
<<Insiders and big money will sell if they have to and they don't give a rat's ass about you and me.>>

Not to mention foreigners, who will have no such illusions about "supporting the U.S." when the market opens. They see an economic playing field (ie, need for expensive security infrastructure in Europe and somewhat less free movement and trade, while the U.S. was given a "free pass" on terrorism for years) that has suddenly and irretreivably been leveled. They will sell.