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To: patron_anejo_por_favor who wrote (19479)	11/5/2001 9:06:52 PM
From: Shack	Read Replies (1) \| Respond to of 209892

Man patron, don't hold back!-g I never said they were bearish or exceptional...just better. It was just the more objective interviews I was impressed with. Like when they hit that mufu manager over the head today for hid fund returning 4% annually. David said he could have got that from a money market fund. Anyway, it is on only on fed days and major earnings days. Otherwise I put on my Public Enemy!

To: patron_anejo_por_favor who wrote (19479)	11/5/2001 9:10:41 PM
From: At_The_Ask	Respond to of 209892

History and CNBS OK first post from "The Book". Its called Wall Street and Lombard St. By Francis W. Hirst. This Hirst guy is pretty cool and aparently would not be considered a "Clown". Many small time players were in the markets in '29 much like today and the commonest of commonfolks were involved in the gambling fever of the time. Most traded in bucket shops (much like Ameritrade) where the house traded against the customer and real transactions rarely made it to the exchange. There werent any margin requirements per se in those days you could just walk in one of these bucket shops and get up to 10 to 1 margin on your cash. Anyway in Nov. '29 during the second wave of selling... p. 41 "Among the shares that fluctuated most wildly were those of the Radio Broadcasting services, as they had been very largely used during the exctiement of the bull movement in conveying financial news and security quotations to American homes... Before the bear movement set in it was estimated that 15 million individuals in the United States were directly interested in the stock markets. And the radio services had enabled the lonliest farmer to take part in what had proved in so many cases to be a ruinous gamble. These services were no longer neeeded when the speculators had lost their money and consquently their interest in share quotations." So all clowns must and probably will be destroyed. And when they are all broke we can go down to the unemployement lines and make fun of Pissanti as CNBC will probably be a thing of the past. Perhaps I'll hire Becky Quick to be my assistant; Maria will be relegated to the laundry unfortunately.