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Non-Tech : The Critical Investing Workshop

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To: Venkie who wrote (27006)	7/29/2000 12:54:23 PM
From: Sig	Read Replies (1) of 35685

Hi Donnie: Re Crashs: My take is this.... In 1929 people ran out of cash and jobs at the same time so could not get back in the market despite a wish to do so. After our mini-crash in April there were plenty of jobs , income, and liquidity so we had a relatively fast recovery. IMO what happened last week is that the big boys have got us little fellers figured out too well. We were suckered in by the euphoria of a good earnings season with too high expectations. They were selling while the market peaked. I have had to quit buying on "news" ( like a stock split) because those 'in the know' have already bgt perhaps months before and are ready to sell. This year I have been willing to sell anytime to take profits and pay the taxes and its a whole new ball-game with a better and freer attitude. Good luck Sig

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