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To: GRANOLA who wrote (122375)5/5/1999 9:15:00 AM
From: Murrey Walker  Read Replies (1) | Respond to of 176387
 
Granola...I disagree. He did throw brickbats (of sorts) at daytraders. I though he did a very good job of acknowledging the fact that online trading was here to stay – and he challenged the electronic brokerages to better inform the trading community at large. JMO



To: GRANOLA who wrote (122375)5/5/1999 9:19:00 AM
From: Lee  Respond to of 176387
 
GR,..Re:. arthur levitt sounded like an old goat who hadn't a CLUE what online "investing" is all about

I got the impression that he'd never been on the net, nor could figure out how to log on if he had to, much less transact a trade on-line.<g> He surely sounded uninformed and worse, implied that on-line traders were clueless and ignorant which is always the wrong stance to take, (assuming the public is stupid!).

Guess they take those on-line brokerage commercials seriously! LOL!

Happy trading,

Lee

BTW - there is a lady bond fund manager in Spokane or Seattle who's buying at the US9M 119^16 or so level. Apparently some investor's still like to lock in a 5.75% yield! <vbg>



To: GRANOLA who wrote (122375)5/5/1999 9:27:00 AM
From: Ian@SI  Read Replies (2) | Respond to of 176387
 
Granola,

I don't know whether or not Arthur Levitt is an old goat or not.

I do know that he has more indepth understanding of all aspects of securities than is likely to be found collectively on this thread.

When Arthur Levitt speaks about securities related issues, it is worthwhile to listen, if for no other reason than as chairman of the SEC, he has the power to affect the trading done by everyone.

Personally, I think the statement, " ... an old goat who hadn't a CLUE what online "investing" is all about..", is, at best, misguided.

You are entitled to your opinion, even if it isn't based in reality. ;-)

Ian.