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Pastimes : All Clowns Must Be Destroyed
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To: Joan Osland Graffius who wrote (40435)6/17/2000 1:00:00 AM
From: Eashoa' M'sheekha  Read Replies (2) of 42523
 
Joan.All Though I Have Deep Respect For Mr. S..............

He has been consistently wrong in the last three to four years and admits it like a gentleman would.

He feels out of touch with the current market and conceded in utter capitulation near the previous top and buys into the mania, instead of maintaining his convictions,which in hind-site, were somewhat correct,but considering the cause of the sudden Tech dilemma is suspect,who really knows anymore for sure ?

So why place import on his outlook now?He has as much chance of being wrong as you or I or ( especially Heinz <g>) or anyone here who does enough research,although I'm sure his resources are immense.

Living in the past does not always pay in the future,but history does often repeat.

I tend to go with the Baby Boomer theory of money flow into the market.It must at least be given deep consideration.

During the Tech. melt down,it seemed it was the institutions and financial press that freaked out,not the average investor.Many held through or continued to buy as it dropped.Guess they were too well trained in the ? Buy And Hold ? mantra.Some are poorer?some richer?who was right or will be right come the end of the year?

I think this is where some who follow the market very closely don?t get it.The average investor is still in there for the long haul and will continue to allocate a percentage of their income to the market..Right?
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