Silicon Investor (SI) -- The First Internet Community

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To: tom pope who wrote (49328)	5/2/2004 10:04:48 PM
From: Raymond Duray	Read Replies (3) \| Respond to of 74559

Hi tom, Re: Yes, I was puzzled by Dave's sudden parachuting in here too. I can understand the position of the SI management team. The original and very successful intent was to create a community of people who had a specific interest in financial markets. For the first couple of years of my membership, from late 1998 until late 2000, my posts probably ran 99:1 on technical and market topics versus political content. Today, as those who follow my commentary are aware, the percentages are just about reversed. I see the peril for the retail investor in a corruption of Wall Street that is hardly being addressed by the regulators in any significant fashion. Thus, for me, there is no point to playing the chump in a system which has been wrecked by the outrageous greed of the casino operators. As someone who still believes that fair and honest markets are a valuable wealth-creation tool for all people, I choose to spend my time pointing out the obvious. George Bush and his ilk are out to swindle the middle class and create an oligarchic society in which the mere notion and the very essence of a "Silicon Investor" is a pathetic fallacy in a system rigged to destroy the retail investor. So, while SI's management is justifiably concerned about the image of the site to potential new subscribers, I and others have a more concern that retail "investing" may be just a sick joke in the present political climate and if "investing" is to ever be anything more than a swindle in the future, the system needs the services of a few Herculean heroes flushing and cleansing the Augean Stables of Wall Street. perseus.tufts.edu A note on how times have changed.....Today, we'd be quite concerned that Hercules turned what was a manageable and contained solid waste problem into an unmitigated water pollution disaster. The portion of the story where the rich renege on their bargains, on the other hand, is just as true today as it ever was in ancient Greece. (Cf.: NYSE's Dick Grasso's ill gotten gains, tinyurl.com ) Human nature never changes, it just creates droller and more surreal excuses for greed as we mature.