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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Lee Lichterman III who wrote (11377)	4/19/1999 2:26:00 AM
From: donald sew	Read Replies (2) \| Respond to of 99985

Lee and all, This weekend I had a conversation with some friends who are all in the market in some way or another. The topic of discussion was the INTERNETs and noticed how bullish they were. All of them feel that the internet is here to stay and that they will just continue up and they see no end to the extreme evaluations. They did concur that the weak ones would go bankrupt/close down but the strong ones would continue up in price. When I mentioned the various manias and that all the previous manias ened in a major correction/bear market in the internets and markets, the strong response was that this mania is different than the others, and much bigger than the TULIPs in Holland, or the RADIO/CHEMICALs in the 1920's. Their arguement was that the internets have the most substance than any other mania in history. I took a few minutes to think, and thought of the TRADING COMPANY mania in BRITAIN. What were the effects/results of trading at that time in history. Trading was a major portion of colonization which had great effects on the worlds civilizations. It created some societies and destroyed others and the lost of lives and inhumanity may have been the highest in history. Just think of only 1 British colony - INDIA, the 2nd largest population in the world. What about all the other colonies world wide. Think about slave trade and the other examples of inhumanity which came out of this mania. Talking about substance! Well the trading company mania did not last, and I heard that after that mania, public trading of stocks was halted for about 100 years. Anyone, please correct me if I am wrong. Just my opinion, I could be way off base. seeya