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Non-Tech : Philip Morris - A Stock For Wealth Or Poverty (MO)
MO 58.620.0%1:19 PM EST

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To: Ralph Bergmann who wrote (6030)12/20/2000 11:44:04 AM
From: md1derful  Read Replies (1) of 6439
 
RB:I'm still not sure we are seeing a panic...I think its just more of the same ole bear market mentality..a grinding down of the market and everyone weary with inactivity over the losses mounting in our portfolios..basically a paralysis...an unwillingness to do anything...as contrarian investors we have to fight through this..don't forget in my opinion, this may be the worst bear market we may ever see!! with many stocks down almost 100%!!! It don't get any more bear than that!!!!...each day to me seems like a bottom, so we really don't have a clue...I think a Jan rally, however will occur..it may even start after Xmas...so some trades can be made....until the fed actually STARTS to loosen, we remain stuck..once the loosening starts, we can jump back into the market with more abandon...remember tho, this first quarter is going to be very bad imho
doc
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