Re: [Geege] It takes one nanosecond to sell stock, btfw.

Tim Byars (tbyars@earthlink.net)
Sun, 9 May 1999 12:02:09 -0700

At 11:33 AM -0700 5/9/99, Gregory Alan Bolcer wrote:
>There's another theory that after the 1987 crash that the US
>federal government put into place economic controls that would
>never allow these types of crashes. The theory goes that the
>feds essentially insure the market through artificial price controls.
>They've been cooking the economic numbers for years anyways.
>
>Saying that the unreality of the markets is based on technolust
>is absurd. It's just an effect, not the cause.

Ok, I'm going to speak up on this. The market is now entered McDonalds
land. The economists don't want to admit their little private playground is
now over run with Joe 6 pack and his Best Buy's PC. What does Joe know
about investing? Squat. What does Joe see when he uses his PC? Amazon,
Yahoo, Buy.com and others. What does Joe buy?

It's as simple as that. Unless something big happens that causes a panic
that market is going to continue to grow. I said it at 7K and I'll say it
now. The only possible reason fore a reversal is if a Republican gets
elected in 2K. They will within a year trash the economy into a recession
to 1) blame the false economy on the Dems, 2) create job security for their
re-election in 4 years.

Tim

--


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