Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: tradermike_1999 who wrote (731)	11/17/2000 1:39:48 PM
From: Joshua Corbin	Read Replies (2) of 74559

"Fifty-four percent of individual investors don't beat the market. What makes you think you can?" Yeah, because I have. You have not consistently beaten the market for a significant amount of time. You went short in April and were 90% cash in August. That's only a five-month horizon. People who bought Qualcomm can claim a 2,400% stock rise in 1999. It simply isn't significant. I started with 10k a few years and now am up in the high 100s. And I have a really cool rare book collection. So what? Can your swing-trading beat the index until 2035? And if your system works, why are you 90% cash? Why not shoot for a cool million? Point is that no one knows the short-term future of the markets. And being bearish in a bear market is not exactly a bold step. Predictions of financial collapse are simply too vague and sensational to take seriously. One man's crash is another's correction. Wild claims exploit existing fears, driving people to sell at the bottom.

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