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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: HairBall who wrote (29716)	10/1/1998 11:45:00 AM
From: James F. Hopkins	Respond to of 94695

LG; There are some similarities, but the market cap size, and the amount of index funds, & arbitrage program trading all now exceed any thing 87 had to offer. In spite of the similarities I think we are looking at another breed of horse. And lets don't forget that at no time in history have we had the sheer mass of mutual funds we now have. While some regulations were changed after 87 to protect from a similar melt down , these changes were nominal, and the sheer number of the mutual funds to ratio of stocks has increased at such a rate that those nominal changes are defeated by the pure mass. The more I look at this can of worms the more I hate to take the lid off. Where in the hell were all our bright Nobel prize winners hiding while this situation evolved. Give me some time to out line it, but mean while if I ever have some SOB get in my face about the evils of some foreign communism I will try to kick him right in the teeth, as he is likely the same SOB who created this breed of market communism we are now forced to live with right here in our own back yard. The type of communism the Russians had may have been missguided and offered no long term solutions to making progress, but the type we have invented is as insidious as any type of hidden cancer, and we can't shake our finger at Marx or any one else, the fault came from our own excesses and lack of oversight. In as much as my investigation is on going I'll try to refrain from pointing my finger at the chief suspects until I make the case. But I can't help but say so far this morning both the G.S. hippy who showed up on CNBC in his monkey suite , and A.Gs speech sound like total prefabricate bull s*ht. Jim