Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: Mark Adams who wrote (6059)	7/19/2001 9:32:11 PM
From: Maurice Winn	of 74559

<because of the speed of the huge run up in share prices during 1q00, the appreciation had not been totally absorbed (and spent) mentally by the <bag>holders. Thus the impact of the reversal did not hurt as much as it might have if the price appreciation had taken place at a slower pace. > Good point. The markets cleared really fast, both up and down. Ownership of the same actual money changed quickly and the simple act of ownership change has had little overall impact [though many dreams of leisure and wealth were shattered "So near and yet so far" "There's many a slip twixt the cup and lip"]. Mq

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