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To: Greater Fool who wrote (50323)	4/14/1999 4:39:00 PM
From: Circle	Read Replies (1) \| Respond to of 164684

The auction concept is faltering, as far as I can tell. Much fanfare in the first week, then a slow trickle down (just like Yahoo's attempt at auctions).

To: Greater Fool who wrote (50323)	4/14/1999 5:40:00 PM
From: Sarmad Y. Hermiz	Read Replies (2) \| Respond to of 164684

GF, >> The "correction" should have some kind of a stimulus or trigger. But what?!? How about absurd valuations reaching the height of absurdity ?

To: Greater Fool who wrote (50323)	4/14/1999 6:25:00 PM
From: HG	Read Replies (3) \| Respond to of 164684

I'm a strong supporter of Albert Bandura's triadic reciprocal determinism. It postulates that our beliefs help shape our environment, our environment influences our actions, and our actions shape our environment. Each leg of the traingle reinforces the other. It may be an upward triangle or a downward spiral. Thus on an average, research has proved that children from homes where parents are educated tend to be better educated than children from homes where neither parent has attended high school whereas children living around high crime areas may statistically have high chances of landing in prisons... Applying this concept to financial world, people need a reason to stop believing in the internet magic. The environment of success is shaping their behaviour and their behaviour and actions are shaping the environment (buy at a dip phenomenon). This upward spiral can, IMO be only broken by applying an external stimulus. Don't we all subscribe to the thought - if it is working profitably, keep using the same strategy ? What is that stimulus ? In Jan it was Brazil...! In Oct it was the nervousness and memories of the proverbial Oct crash ! This time - who knows. But till the time there is some concrete news - keep buying and selling ! It should work pretty well as it is based on the foundations of human behaviour.