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Subject:  Re: Buying stocks and Patriotism Date:  9/18/2001  6:55 PM
Author:  Newbie2001 Number:  769 of 4217

Agree with the first part but I don't think a lot of the institutions have been purposefully raping the little guy this week. I don't deny the fact that it is terrible for the media to mislead the little guy/average American (most of the patriotic rally bit has been pumped by media....some by the street but mostly media). It's pretty absurd to think that my 500 shares is going to make a market and I think most smart public money is following market trends not trying to make them. Back to the point...Yes there is a lot of liquidation and short selling going on but I don't think a whole lot of managers or makers are out to screw anybody after all that's happened recently. I don't think anyone making markets would consciously promote a strategy that they themselves weren't going to follow. Smart money knew what was going to happen Monday (or at least had a bias and acted on price/vol)and was prepared for it. I think there may even be a bit of pride involved with institutional money in the market right now. Maybe I'm a little naive but that's the way I've seen the past couple of days.

Great book Alan. Wish you would appear here more often. Start a folder.

Guess that wouldn't be PC though.

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