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Technology Stocks : Applied Materials No-Politics Thread (AMAT) -- Ignore unavailable to you. Want to Upgrade?

To: Fred Levine who wrote (11036)	7/28/2004 5:29:00 PM
From: Alastair McIntosh	Respond to of 25522

Re: Blaming is a losing strategy. It is human nature to blame someone else for your mistakes. If you made a bad decision it wasn't your fault. It was the brokers or the hedge funds or Alan Greenspan or the program traders or the shorts or the Saudis or the analysts. Its always somebody else's fault.

To: Fred Levine who wrote (11036)	7/28/2004 5:41:09 PM
From: KMcKlendin	Respond to of 25522

Hi Fred-- It's not the people that are the problem--it's the system. Brokerage houses make money by investor trading and brokers are paid by commission. Therefore the interests of the brokerage houses (trading) and the investor (making money) are fundamentally at odds. There is ample evidence that no one can predict short term moves in the market. It is human nature to try, and buy/sell recommendations serve to induce people to trade. To put another way: think how much money the brokerage houses would lose if every investor bought and held for long periods of time like you do. --Keith

To: Fred Levine who wrote (11036)	7/28/2004 6:10:21 PM
From: robert b furman	Read Replies (1) \| Respond to of 25522

Hi Fred, Long time no speak. I did not mean to use the blame game towards the market declining. I take the arket action as the net result of the many influences that are at play and the power of the money behind them. I do not say your son is crooked-I'm sure he has best of intent and integrity. But look at the track record of the recent revelations and fines.Late trading, too frequent trading,letting a hedge fund see the collective holdings of a fund when the owners can't,members of a firm stepping in front of customers trades for their own interest,bond traders over charging. You name - these guys figure the edge and do it toll there caught and too often the punishment doesn't do more than a slap. It is in this environment we must not just expect rationality - but rather the excesses of selfinterest and an inherent amount of manipulation - in whatever form it occurs. One needs to be braced for that mean spirited Mr Market.Now, I believe is such a time. Good earnings and bad reactions - doesn't make sense and there are some big plays at work shewing the reactions. JMHO Bob