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Pastimes : The Justa & Lars Honors Bob Brinker Investment Club
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To: Justa Werkenstiff who wrote (11917)2/13/2000 9:56:00 PM
From: Hank Stamper  Read Replies (1) of 15132
 
"you can ride out any correction to a more normalized level"

Yes you can. However, I had money in the market in 1987 and will neverforget the overwhelming sense of panic I felt. I had purchased about six months before and was simply beside myself with fear. I sold in the panic to only a minor loss of a few hundred dollars on 40,000. (My major holding was in a fund whose manager went almost entirely to cash a couple of days prior to the big crash!)

Presumably, I am more experienced today and less mercurial. If there is a bear market--with or without a crash--there will be a great deal of emotional teeth grinding. We are now seeing the very beginnings. I wonder if Ask Rande will be just as happy to discourse on 'long term holding' at the bottom? It is tough to hold court on the quality of the acting or the playwrite in the middle of a theatre fire.

Ciao,
David Todtman
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