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Strategies & Market Trends : Rande Is . . . HOME

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To: $Mogul who wrote (41447)11/15/2000 6:56:14 PM
From: Rande Is  Read Replies (2) of 57584
 
Thanks much, $M!! Sounds like we are on the same page. The media was quick to adopt the term, "the wealth effect". . now that most of that wealth has vanished, I wonder if they will talk about the "impoverished effect" . . . and if we don't get a dose of Fed liquidity to these markets, we'll be on the road to a 2001 recession.

We all know that there are tremendous value plays out there. Now the talking heads are pumping consumer staples. . . no not food . . . beer and tobacco. . . .and DG or FDO and maybe WMT as shelters, should the worst case scenario play out.

But I cannot help but think that we are in this position to pry some capitulation out of us. As though it were scripted. Thus far the individual investor has shunned capitulation for the most part. So while the individual investors finally give up and run for safe havens, who do you think will be buying the best-of-the-best tech stocks?

There is nothing fair about this ball game.

Rande Is
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