Today's Stock Market Swoon

Apsken at Apsken at
Sat Apr 15 06:04:59 PDT 2000

> It's possible, but you'd have to ask why it didn't happen
> last year or the year before under similar conditions.

That was before daytrading dementia and margin madness hit their stride. In recent months a lot of these types lost their shirts, but the ones who did make momentum money took their rightful place in Thorstein Veblen's pantheon. Now they have to pay up for their excess, probably at short-term gain rates.

Ken Lawrence

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