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

To: Don S.Boller who wrote (14384)	2/23/1998 8:54:00 PM
From: Bonnie Bear	Respond to of 18056

Brokers will be fired? I've seen it happen... I'm convinced the real profits are made on trading stock price volatility. The computers can calculate put/call ratio, buying volume, etc, and use neural nets to predict how to profit from the market far better than any broker. So the game is in the hands of the folks who have the fastest computers and best software. It's not at all like the old days. Of course they will be fired. Wall street is not done consolidating. I lived on the Gold Coast of Connecticut at the turn of the 80s, I remember so many foreclosures on brokers. And the computers will short all the overpriced stocks as they crash and burn, and put those obscene profits on the balance sheet, and their stock price will go down in pain and suffering, and they will buy back their own stock at firesale prices to lie there, suffering, until the next bull market in one of the 100 of so countries that have computer-traded stocks. Amen.

To: Don S.Boller who wrote (14384)	2/23/1998 9:08:00 PM
From: Bonnie Bear	Read Replies (2) \| Respond to of 18056

Don: do you know why such high short interest on BSC? I've been picking up brokerage stocks on dips, do you have any recommendations? Always appreciate your wisdom. Thanks, B

To: Don S.Boller who wrote (14384)	2/24/1998 5:59:00 AM
From: Jack Clarke	Read Replies (1) \| Respond to of 18056

Don, >>As far as Bad Brokers/Bad Advice.....no doubt. How about attorneys, doctors, automobile mechanics, etc??? Some good - some not so good Yes, we all seem to have this false impression that a firm, be it a brokerage house, bank, hospital or airline, can control the quality of all those who work there. From the medical point of view, I can assure you that there is nothing magic about the walls within which one receives medical care. It is rather the individual physicians, nurses, etc who make the difference between good and mediocre care. The very best institutions, unfortunately, have a few practitioners who are not so good. The impression that "they" wouldn't let someone practice there who is less than great is false. Jack