Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Inktomi (INKT) -- Ignore unavailable to you. Want to Upgrade?

To: John Stockman who wrote (1091)	4/12/1999 5:26:00 PM
From: LWolf	Respond to of 1945

John... do the market makers manipulate the volume? I seem to remember similar arguments about price manipulation of traders and MM's with AMZN last fall. The shorts got killed: over and over, and over. Laura

To: John Stockman who wrote (1091)	4/13/1999 6:17:00 PM
From: Slick	Read Replies (1) \| Respond to of 1945

John: <<Stock manipulation>> In that case the entire internet sector is a manipulation. No....let's take it further: the entire tech sector and let's throw in the DOW stocks and even the S&P 500 since they are at historic valuations. The trouble you are having is working within the new realities of the suppply/demand relationship for equities (what pundits keep calling "the new paradigm", a term which I hate because it makes it all sound so phony). It boils down to the fact that more Americans are using the equities market as a savings account both directly and via tax-priviledged accounts. NEWS FLASH: the boomer generation is at the peak of pre-retirement savings! In addition, factor in the influx of foreign capital to "the only game in town": the US equities market. Finally weigh in the fact that capital markets are unattractive at current interest rates. This all spells one word: liquidity. Brokers, fund managers, investment banks are awash in cash in an unprecendented manner. In the current configuration, it will all be onward and upward for equities until and unless the equation changes drastically.