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Strategies & Market Trends : Ask DrBob

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To: Drbob512 who started this subject8/28/2001 7:58:11 PM
From: ric098  Read Replies (1) of 100058
 
Drbob
I realize you are a predictor and not the cause of market action. All the same, there are many of us, not you of course, who have held stocks from much higher levels. The capitulation you look for and the washing out of weak hands are our hands. And a major decrease from here, washing "US" out, will so scare consumers that we will bypass a statstical recession and go into worldwide depression. The rest of the world relies on the US for a market and as an indicator of their direction. We will drag the rest of a very weak world economy right down the toilet. People will be in such fear for their jobs that spending will cease, not decrease. Have you friends at major multinationals who are worried EVERY day?
We are on the brink of disaster. Capitulation is a malady which will rival 1929.
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