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Non-Tech : Raptor's Den
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To: ajtj99 who wrote (7824)2/13/2003 12:00:45 AM
From: KevinThompson   of 10157
 
Your points are well taken. I don't disagree with you. As I stated, we agree that there are plenty of genuine economic reasons for the equities markets to continue to "unwind" from this bubble. I don't expect any sustainable price improvement until we've met that end. I really like your point about this "endless circle of hope" that needs to be crushed before we do get to that end. And true, the sooner people deal with reality, the better off they'll be. (The better off we'll all be.)

My only issue was it seemed that you were discounting the effect (albeit short-term) of heightened concern and anxiety due to the threat of war, and how that effects market sentiment.

Also, I personally would still feel compassion for people that continue to lose retirement and assets in this cycle. Many are not savvy with ideas of what to do. They are trapped. And as you point out, possibly by their own endless circle of hope. I still feel sorry for them, but you can't help everyone.

Best Regards,
KT
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