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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 665.67-0.9%Nov 17 4:00 PM EST

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To: HairBall who wrote (47924)4/24/2000 8:11:00 PM
From: jmootx  Read Replies (2) of 99985
 
The individual has a disease right now:

1. Peter Lynch is right mania. Be a long term investor.
2. The market always comes back, buy the dips.
3. I am so hypnotized by the wealth of my gains that I am afraid to not be there for any dollar in any uptrend.

Unfortunately, the 1929 scenario I painted for all of you is still in force right now (post 46520) I guess the guys who jumped off buildings back then would have loved to had a few modern anti-anxiety pills. The stock compensation addicted Baby Boomers are about to see how greed really works in the end.

Stock option compensation is just as damaging to the market as margin.
Stock option compensation is just as damaging to the market as margin.
Stock option compensation is just as damaging to the market as margin.

UNLIMITED CHEAP WEALTH ON THE UPSIDE, WORTHLESS PORTFOLIO'S ON THE DOWNSIDE.

Banks do not have to fail to see a terrible bear market. Very few individuals were engaged in stocks in the 20's. On the other hand the sheer number of average persons who have all of their eggs in one basket through the easy wealth of stock compensation is beginning to unwind very badly.

See all of you at Nasdaq 2700-2800, June rally to 4100, then 2001 target of 1800.
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