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Strategies & Market Trends : Booms, Busts, and Recoveries
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To: tradermike_1999 who wrote (859)11/22/2000 2:40:21 PM
From: Joshua Corbin  Read Replies (2) of 74559
 
I didn't say selling at the bottom is a good thing to do

You just said it is justifiable because sellers "can no longer take the pain as their losses mount."

People who held back in March or right before the market crash of 1929 suffered a horrible drop in net worth.

So did all those people who dumped in 1987. So what? You can invoke 1929 until the cows come but you know those exact circumstances won't be repeated.

Lets not talk people into doing that again.

…and let you talk them into selling instead? Protecting gains is one thing, but paper losses become real looses once you hit that sell button.

Since you have come on this thread you have repeatedly said everyone here is wrong because this is the bottom.

I did no such thing. Read my exact words:

"No one knows if the market will be up or down tomorrow, next week, or next year. This business of bottoms and tops only serves to feed stock brokers and tax collectors."
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