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teecee

05/06/04 8:11 AM

#68721 RE: amrwonderful #68703

armwonderful...i think you have a pretty distorted view of how the street works...the secondary trading of equities is not such a great business for wall street...dealers rarely "move around stocks"...rather it is the owners of the stocks that move them around....and the reason for the volatility is that the dealers are no longer making any money on this business and therefore no longer provide the liquidity and capital that can reduce volatility....in essence...its a zero sum game of winners and losers when it comes to daily trading...the hedge funds and daytraders vs their "prey"
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Alley

05/06/04 2:27 PM

#68764 RE: amrwonderful #68703

JUST SOMETHING TO CONSIDER....
The market is waiting with pent up anticipation for tomorrow's numbers....this is why the action today .....if all goes well tomorrow we could have an explosive day as we did in March,,, The market has had a lot of selling for several weeks...yet there were decent money flows into funds in airplay guess we will see....certainly as tc has said the news on the economy couldn't be much better...at some point you would think people will react to that facti think the interest worries over the last 3 weeks for all intensive purposes are and have been factored in........I guess we will see
ALLEY
PS. This may be the downdraft before the next surge....thinking about this now.