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To: Robert T. Quasius who wrote (250)4/13/1998 9:01:00 AM
From: nick nelson  Read Replies (2) | Respond to of 1153
 
Well put Bob... but-

The market is no longer based on fundamentals. The Wall Street mentality is to follow the herd... do what ever Barron's or the WSJ is recommending. If the spin-doctors say "Oil is depressed!", they don't buy the oils. If they say 'Yahoo's in!'... they all rush to buy Yahoo.

The market makers and brokerage traders than short all their client's shares and steal the money out of the market and drive all the 'valued' stocks down. Than all the option , indexing, and computer trading programs kick in and manipulate the market... again to be sure all rational, fair market value is destroyed.

The market is not about providing money for investment startups and rewarding good companies... the market is all about indexing and arbitrage and theft FROM that which has 'value.' And it all starts with every broker that holds your shares immediately selling them 'short' and moving your investment money into their bank account... that's why oil stocks won't rise... we are too rational and value oriented! <ggg>

Just chiding Bob, keep up the great analysis.

nick