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To: Sun Tzu who wrote (10033)	1/7/1999 2:08:00 PM
From: Marc	Read Replies (1) \| Respond to of 16960

--OT-- The funny thing is You can get the book for 15.95$ on AMZN website.... ;-) amazon.com Reviews Amazon.com Why do otherwise intelligent individuals form seething masses of idiocy when they engage in collective action? Why do financially sensible people jump lemming-like into harebrained speculative frenzies -- only to jump broker-like out of windows when their fantasies dissolve? We may think that the Great Crash of 1929, junk bonds of the '80s, and overvalued high-tech stocks of the '90s are peculiarly 20th century aberrations, but the excerpts of these two classics--first published in 1841 and 1688, respectively--show that the madness and confusion of crowds knows no limits, and has no temporal bounds. These are extraordinarily illuminating and, unfortunately, entertaining tales of chicanery, greed, and naivete. Essential reading for any student of human nature or the transmission of ideas. In fact, cases such as Tulipomania in 1624--when tulip bulbs traded at a higher price than gold--suggest the existence of what I would dub "Mackay's Law of Mass Action": when it comes to the effect of social behavior on the intelligence of individuals, 1+1 is often considerably less than 1, and sometimes less than 0. Synopsis A study of crowd behavior includes two landmark books of the past, Extraordinary Popular Delusions and the Madness of Crowds and Confusions de Confusions, that show how markets are shaped by the fluctuations of mob psychology.

To: Sun Tzu who wrote (10033)	1/7/1999 2:51:00 PM
From: Scott Garee	Read Replies (1) \| Respond to of 16960

Sun, before you short, don't forget that with market caps like these they can buy profit for stock in a heartbeat. They could walk around scooping up smaller profitable companies for months and it would only cause their share price to soar even higher. I just heard a sob story about some poor bloke who shorted AMZN on Friday expecting them to show another loss. Guess what? They did and are now up nearly 50% from Monday's low. He lost nearly a year's pay. I guess he'll have to wait a couple more years before he retires. AMZN now has significantly more market cap than Sears. At this rate they'll be bearing down on Wal-Mart by summer. Just think if Sears, instead of dumping the catalog business, had moved it to Internet. With their name they would be sitting on a $500 share price. Sears is a great income investment. Sears.com would be explosive.