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Technology Stocks : Network Appliance
NTAP 105.07-1.3%3:59 PM EST
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To: Uncle Frank who wrote (7838)4/13/2001 10:25:58 PM
From: BDR   of 10934
 
<<I think their orientation is a reflection of their philosophy on life, and I refuse to adopt a nihilistic outlook. So I'll remain a singed and cautious optimist, hold my core positions, and write front month covered calls during rallies rather than shorting.>>

I agree, both in regards to investing and philosophy. As disappointing as markets (and people) can be occasionally I think there are at least two reasons to maintain an optimistic outlook:

1) The long term trend over recent decades if not centuries in the markets has been upwards

2) Bear markets historically are of shorter duration than bull markets

Of course, the permabears are saying (irony of ironies) that "this time it is different".
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