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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?


To: Katherine Derbyshire who wrote (25647)10/23/1998 5:57:00 AM
From: Duker  Read Replies (2) | Respond to of 70976
 
I agree.

Having come from the other side, the conspiracy theory of Portfolio Managers colluding to drive up stock prices is a bit of a stretch. I am sure it would be better reduced to the goofy momentum driven perspective these people have: what is that green one on my screen ... semiconductor-tech-cap-thing ... prices moving ... can't afford to miss 'em ... don't know what they do ... kinda remember that they move quickly ... looks like it is bouncing on the chart ... easy ticker to remember ... can use the "ol' industry leader cliche" ... feeling smart as I bid the thing up ... ooohhh, doughnuts ... I think I'll buy another couple Zenga suits this afternoon ...

I will add that the "talking on the golf course" part of the theory is definitely true ... How I miss those free rounds of golf ...

--Duker



To: Katherine Derbyshire who wrote (25647)10/23/1998 7:40:00 AM
From: MrGreenJeans  Respond to of 70976
 
Katherine

And after the Fed move the other week, the entire market shot up in seconds. It happens.

Not only does it happen but historically one year after the Fed cuts rates semiconductor stock prices rise, very powerfully, close to 90% of the time.