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To: re3 who wrote (38650)	5/5/1999 1:40:00 PM
From: accountclosed	Read Replies (3) \| Respond to of 86076

Howard, I even concede that GS might have bought futures contracts or taken other market action leading up to their ipo. I tried to carefully word my statement i hope you don't go the route of the crony capitalism theories that have been espoused here lately. business is a contact sport. people try to tilt the box in their favor every day. saying that goldman might have bought futures on monday is nowhere near the claim that treasury is goldman...or that msft has taken over the government... jiggles here and there. people step over lines. but nowhere near the percentage of the story that recent postings suggest. The last paragraph...It is nowhere near the percentage of the story that recent postings suggest. There are many factors at play in the market every day. Is the story of aol that Steve Case is on the board of directors of the NYSE? And then some great case can be made for all the cushy relationships with Wall Street? Well maybe that's part of the AOL story...but a small part. AOL is part of the S&P 500, the tremendous and real growth of the internet, e-commerce, coming internet telephony. It also is caught up in the mania, and this week's correction. Hundreds of factors go into the market. To be specific again...I believe that there are threads of truth, at times, to the idea that they playing field is tilted. However, it is a small part of the picture. I would hate for any of us on this forum to feel like we have to look first to "what is crooked about this stock price movement" as our first tool of analysis about the market. It is too easy an excuse that we are the little guy and the big guy has made the game unfair. If that were actually true, we should quit and play a different game.