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Technology Stocks : Compaq -- Ignore unavailable to you. Want to Upgrade?

To: ed who wrote (20706)	3/8/1998 3:34:00 PM
From: Hector	Read Replies (1) \| Respond to of 97611

Ed, Analysts are mostly people who've gotten MBA's from good schools, but have never seen a bear market. Unfortunately, they believe most of what they've learned in books without taking human psychology into the equation. I've dealt with the "big money" and I'm not so sure your conspiracy theory is necessarily true. Most of these people are hard working slobs. OTHO, I do agree with you that stock prices do get pushed in one direction or another by large momentum players. It was also true in 1966 and 1973 and the end result was still down big. After the last secular bear market in 73-74, half of the money managers went out of business. I don't believe there were many analysts then, (we weren't much into the cult of "experts and gurus" as we are now) but I would expect in the coming bear for the same percentages to hold true for both money managers and analysts. Regards, Dave