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Strategies & Market Trends : The Amateur Traders Corner
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To: Dale Baker who wrote (2358)10/23/2000 11:22:57 AM
From: oldirtybastard  Read Replies (1) of 19633
 
In regards to the permabear chatter prevalent on SI...a thought I had was that the availability of information, greater number of savvy traders, and a general awareness of what puts the market where it is (ex: for the Naz to be at 5000 we needed absolute trash like RHAT to be at 150; we now have better trash such as HAND where it is now) all these things have made it such that more people can have the bearish view and be right rather than assuming that it's always the time to buy when the bears are roaring, and of course if the TREND has changed, that changes everything. I suppose it will all remain perception vs. reality but the perma bulls better hope earnings and revenues don't betray them, after all, they seem so sure as well, and they are making predictions much further out and based on much less concrete evidence (apart from company mgmt, analyst calls, prevailing conditions) than the bears.
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