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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 678.87

-0.3%

Dec 16 4:00 PM EST

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To: pater tenebrarum who wrote (25264)	9/8/1999 4:21:00 PM
From: James F. Hopkins	Read Replies (1) of 99985

HB; Ya it's not just the selling at the bottom or close to it that's caused by pessimism, most of the pessimism is caused because they can't hold on, they lose their jobs, their cars, their homes, hey I remember the 87 crunch..and the parking lots of banks full of repos, and houses for sale all over the place, people moving to other states, hoping they could at least keep their kids in collage..the market came back, but many of them didn't, at least not to the level they were at before. For many of them it was like starting all over. --------------- Any way in the last year, while the indexes look good.. if you go high to high..instead of low to high..AND if you take off the belly up ones that are not shown in the indexes ( the broader market has gone no where ) and that's what the Average investor and 401Ker has done. Nothing Meanwhile CNBC and the talking heads tell us every one is getting rich..well I have sources that shows every one is far from getting rich just because the S&P is up. THe rich part is more smoke screen than real. Jim

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