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Strategies & Market Trends : Rande Is . . . HOME

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To: Rande Is who wrote (17903)1/4/2000 11:29:00 PM
From: HeatherN  Read Replies (1) of 57584
 
Rande,

This article must have made them mad <gg>

Wrong! Rear Echelon Revelations


Amateurs Trounce the Pros
By James J. Cramer

1/3/00 5:35 PM ET



Click here for the latest filings from James J. Cramer.


The individual investor sure got this one right, didn't she? She didn't buy into the Y2K gloom that a pro like Ed Yardeni did.

She didn't get spooked out by the historic overvaluations the way Barton Biggs did.

She didn't get spooked into cash from the press hounds who would have you believe that the world is always coming to an end.

She stuck with the winners. She did not get blown out by the bonds. She did not buy into the rap that she had to be in the same old boring names that the pros told her were right.


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I can't emphasize enough that regardless of what happens in the future -- a 20% pullback or a huge selloff -- she got it right. And the pros got it wrong.

I look at my screen today, and all of the rally names, like last year, are the individual names. And all of the selloff names, like last year, are the institutional names.

You have to love a game where the amateurs beat the pants off the professionals.

--------------------------------------------------------------------------------

James J. Cramer is manager of a hedge fund and co-founder of TheStreet.com

Heather


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