This document contains a 15-point reaction paper on the 95 Theses and Cluetrain Manifesto documents. Some key points made in the reaction paper include:
1) Markets consist of conversations between human beings, not just demographic groups. Through the internet, conversations that weren't previously possible can now occur.
2) Hyperlinks on the internet subvert traditional hierarchies by allowing users to freely access information in any order.
3) As markets become more interconnected online through conversations, new forms of social organization and knowledge exchange are emerging, making markets smarter and participants more informed.