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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Ilaine who wrote (42192)	1/4/1999 9:52:00 PM
From: epicure	Read Replies (2) \| Respond to of 132070

If the theory was true why have there been other manias and crashes? Now the net stocks may not crash soon, they may not even crash alone, but sooner or later there will be another crash. I suppose we could go up for years before it happens (with only corrections in the interim) or it could happen this year- but "never"? I don't think so.

To: Ilaine who wrote (42192)	1/4/1999 10:07:00 PM
From: HG	Read Replies (2) \| Respond to of 132070

Touche, I must have touched a raw nerve to bring out the defensive revelation about the "long" position and the degree. Lets not compare degrees. I like to think I have more depth than that. You are working on a degree in psychology - yet don't understand human behavior...I'm interested in psychology because I understand human behaviour. The netstock phenomenon is a classic example of upward spiral being reinforced. The triadic reciprocality, if you please. Unless the pattern breaks significantly, there cannot be a crash. A 20% correction is tantamount to a setback, it will only reinforce the reward system. Hence you see rallys after severe pullbacks. Just like a person lacking childhood support structure has a greater chance of becoming a criminal and staying a criminal than a person who has had a great support structure in his/her formative years. Hope you analyse a bit deeper and understand the analogy.