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


To: robnhood who wrote (15072)3/21/1998 9:10:00 AM
From: Tommaso  Read Replies (2) | Respond to of 18056
 
That's eddie's line. Made world famous by anguished repetition.

This market begins to resemble what supposedly happened some fifty years ago when a fraternity party at Washington and Lee College got of hand. Everybody went down to the railroad station and climbed aboard empty freight cars and somebody started the train moving. I do not know why it could not be stopped since trains have for over a hundred years had a "dead man's throttle" that requires constant pressure. But acccording to the story everyone climbed along the tops of cars to get to the caboose because they couldn't stop the train. Maybe it was on a downgrade. Eventually the runaway train was deliberately derailed, and the partygoers survived but were all expelled from the college and the fraternity chapter was closed.

A possible analogy for the future history of one or more financial houses.



To: robnhood who wrote (15072)3/21/1998 10:42:00 AM
From: Bonnie Bear  Read Replies (1) | Respond to of 18056
 
Mike has a way with words, doesn't he?