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Strategies & Market Trends : Stock Attack -- A Complete Analysis

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To: Terry Whitman who wrote (38108)12/15/2000 9:06:40 AM
From: Philipp  Read Replies (1) of 42787
 
Hi Terry:


On the anecdotal front: Joe six pack (co-workers proxy) is truly scared now. He was assured that the market would regain it's footing when the election mess was over.


That is actually not what I get from my equally non-scientific sampling. I hear thinks like "even if the market falls another 20 % in the short term, it will be up again in a year's time". I am amazed about the relaxed attitude and the long-term horizon of many of these relatively inexperienced investors (but I think that is not a bad thing).

How the market reacts to yesterday's Microsoft warnings should be more interesting. The warning was certainly not worse than what was already generally expected, and Oracle did not disappoint either. In a healthy market, the market should quickly recover from an early-morning sell-off, but in this market, who knows?

Good trading to all,

Phil
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