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Strategies & Market Trends : Asia Forum -- Ignore unavailable to you. Want to Upgrade?

To: Dayuhan who wrote (6800)	9/30/1998 9:46:00 PM
From: edward miller	Respond to of 9980

Wrong answer Steven. They are in trouble because they have been gambling, just like at the craps table. Since they have been winning they think they are brilliant. Since they live in Connecticut, the Wall Street gang "knows" they are brilliant (among friends?). Not any more. What they have really done is overextend themselves with leverage in ways that wouldn't likely happen in a regulated environment. Their egos make them believe they can trade themselves out of any situaion. Prudent speculation went out the window. Wrong!!! No force is more destructive of the human mind's ability to logically function than the sense of being invincible.