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Strategies & Market Trends : The New Economy and its Winners
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To: Gary Walker who wrote (525)5/24/2000 11:27:00 PM
From: Graeme Smith  Read Replies (1) of 57684
 
I agree with you completely. More than I could agree with any other investor in todays market. I would however correct the date you gave. Any investor who put their money onto the market during '88 and was smart enough to pull it out just prior to the end of the decade did very well for themselves. Unfortunely the dippy investors who extended their positions after the first 30% decline in 1990 are still down 10 years later.

This time, unfortunately, the dippy investor are much more inclined to remember the lessons of US '87 when an over 10% one day decline reversed itself 10-fold over the next ten years. They should, but will not, remember Japan '89 when 9 sequential times the Nikkei dropped 10% or even worse US '29 when 22 sequential 10% drops followed themselves.

Some people may make money over the next 10 years. The dippy investor may, or may not.

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