as if Thom really cares (he doesn't!)

[Mark Wright AIA]

Howdy
--- calbert at tiac.net wrote: 
> an interesting take, but it relies on an assumption which is 
> unwarranted.....There has indeed been a shift from a "institutions" 
> dominated market to one which, at this time, appears to be driven by 
> "Joe Main Street", either by his/her DIRECT participation, or 
> through indirect participation by way of pension funds.....there is
> no 
> reason to believe that JMS will entirely abandon stocks in favor of 
> more conservative instruments, it is more likely that JMS will simply
> move down the risk scale to whatever will constitute "blue-chips" in 
> the near future.....assuming that demographic trends deprive Wall 
> Street of a ready DOMESTIC source of replacement investors, the 
> WORLD will step in to fill the gap.....it is highly unlikely that ANY
> 
> other national or even trans national bourse (such as that which may 
> result from a merger of London and Bonn markets) will match Wall 
> Street with respect to variety, security, liquidity, nor is it likely
> that 
> any geographic region will offer, in the foreseeable future, better 
> investement opportunities than those found here.

Good. I'll start buying again.  I've been worried about this for a
while.  So, shall I vote for Bush after all? He's such a nice man...

> now what was that joke about Einstein nad the stratification of party
> 
> chat?
> 
> Something like
> 
> If you have an IQ above 150 we can discuss quantum theory, 
> between 130-and 150, the post modern dilemma or Mahler, 110-130 
> POLITICS AND ECONOMICS, below that - 
> 
> "How about them Mets?"

You are one stone cold summbitch, but this sounds about right...  I've
been suffering from gray-matter atrophy for years now, which is one
reason I like to follow the List, even down by-ways such as this one.  

Mark

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