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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 671.910.0%Nov 14 4:00 PM EST

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To: bobby beara who wrote (48275)4/26/2000 10:11:00 PM
From: Casaubon  Read Replies (1) of 99985
 
Ok, now you guys keep mentioning how far below their highs some of these companies are trading at. Perhaps you should also look at how high off of their previous "serious" base. I realize there were obviously people who had to buy at those high levels, and indeed they are bag holders. But, the vast majority are buy and hold fund types who do dollar cost average. Ok, so they don't make the big returns you guys can get but, they're not exactly losing sleep either. All of the funds in our 401K program are still in positive territory year to date. Some are up over 30% YTD still. I couldn't
believe it, when I logged on to look at their performance. So, really I don't see any reason why people are even close to breaking a sweat, no less panic selling. The market would have to really tank for these people to be break even on the year.

Me, I'm just looking for some base building. I'm just not good enough with the volatility. Give me some bases to work with.
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