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Pastimes : Ask Mohan about the Market -- Ignore unavailable to you. Want to Upgrade?

To: sea_biscuit who wrote (12833)	1/9/1998 1:18:00 AM
From: Mike M2	Read Replies (2) \| Respond to of 18056

Dipy, read what Congressman Louis McFadden Chairman of the House Committee on Banking and Currency said in 1933 with regards to the 1929 crash and the federal reserve. www9.pair.com I found this yesterday while surfing. I don't know anything about McFadden but i plan to read more about him. Mike PS Pete don't read this it is much too gloomy-g-

To: sea_biscuit who wrote (12833)	1/9/1998 7:24:00 AM
From: Jack Clarke	Read Replies (1) \| Respond to of 18056

Dipy, >>IMO, this has been more or less a rigged market since Oct 28. Sometime down the road, congressional hearings about this matter seem inevitable... Congressional hearings re: market manipulation? Don't make me laugh; my lips are chapped. Might as well wait for hearings on corruption in both political parties -- you know, taking money and then bestowing favors -- I think that's still called corruption. Think about it. Almost everyone wants the stock party to keep on going. MF holders feel richer by the day. When everyone is happy, they vote for the politicians in office. So the pols, the fed, the brokers, the media all push to keep the bubble expanding. They've managed to keep this turkey flying despite the fantastic overvaluation by historic standards. Mary Farrell on CNBC a day or so ago, says that stocks "are still attractive." Yeah. BWDIK? I've been saying the same thing lo these many months/years and lo these numerous expired puts. Jack