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Non-Tech : The Critical Investing Workshop

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To: Boplicity who wrote (16624)4/27/2000 1:49:00 PM
From: No Mo Mo  Read Replies (1) of 35685
 
Thanks Greg....

I don't know. Since the end of '99, my trend has been down...lower lows and lower highs. For the past month or so I (rightly or wrongly) have been lurking on LG's Market Direction Discussion Thread and The Clown Thread. Maybe it was the wrong time to start to absorb downbeat information but many posters there have offered logical explanations for what's been going on during this decline.

On top of that, their repeated calls for a total crash have me very spooked. They talk about the Fed trying to keep the market in check with interest rate increases and, at the same time, Greenspan injects HUGE amounts of money into the system. They talk about an imminent Euro crash dragging everything down with it. Even you talk about the market becoming valuation driven now. If that's true, it seems like we still have a long way to fall to reach historical levels.

And I know there is always some bogeyman out there ready to take the market down. Been in this for almost 4 years. This just feels different.

The bottom line for me is, I don't know how to fairly value a company in this market. I have been spoiled by Dell and QCOM (hence my alias change <g>), so I didn't feel the pain of my earlier (many) mistakes. I need to preserve some capital here until I gain more understanding.

Thanks-
Darin
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