To: Rob S. who wrote (50703 ) 4/15/1999 11:19:00 PM From: KeepItSimple Respond to of 164684
From today's www.suck.com. Pretty insightful and frightening stuff. I hope the guys at wired don't mind me copying this excerpt. It really does deserve to be read by everyone here. ************ From across the street, a 40ish guy with a bush of curly hair and a ragged nylon jacket spots an audience. He bounds over, sets himself center stage before us, and, literally jumping up and down, yelps in a Slavic accent of indeterminate origin: "My friends! My friends! How many of you trade on the Internet, stocks last week on the Internet? Trading stocks my friends. None of you?! O my gott! Internet! World Wide Web! You have to. One dollar a trade now they have. You have to be day trading my friends. One dollar! The trick is to leave it at night! You have to sleep each night - get out of your positions always everything at the end of every day. You can't hold anything! With the Internet. You are so lucky! Rockefiller had to put $100 million to make sivinty cents on the dollar, 20 years! I'm telling you right now! Corba dot orgchh!! Corba dot orgchh! Corba dot orgchh!!" Which he continues to yell as he scampers off towards First Avenue. Well, we ran right home to look for a buck-a-trade site - this "stock-trading" stuff sounded too good to pass up - but there were none to be found. So we went to check out corba.org, which we thought would be some sort of numerological-Masonic- stock market thing cooked up by gray-bearded mystics on the banks of the Volga. No such luck. It turns out it's a soporific HTML 2.0 number devoted to Common Object Request Broker Architecture (ask your webmaster). It's utterly unrelated to stocks or finance or anything. The street sermon was, in other words, a sign of yet another cultural milepost reached: The Net's entered the dream life of the insane, and day trading mania's gone literal.