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Strategies & Market Trends : Drillbits & Bottlerockets

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To: Jorj X Mckie who wrote (3894)2/20/2001 1:46:58 PM
From: John Pitera  Read Replies (1) of 15481
 
interesting thoughts from Tony Dwyer on investor sentiment.

2/20/01 1:28 PM ET
I have found that the best thing to do when I am grinding is go for a quick walk. That has an amazing way of refreshing.

There is a lot more to this game than the indicators everyone talks about. There are things like the way brokers are talking, the way clients are acting and the way the media is presenting the information. I know there are sentiment indicators that suggest too much optimism. At times that can be like the weatherman not looking out the window. Anyone I speak to about the market is praying for the pain to end. They are generally not jumping up and down about how wonderful the outlook for stocks is.

As I mentioned before, for trading at this point I am keying off Todd and those like him. Right now they are quiet and waiting. Not pressing the downside, just waiting with low exposure. For those of you that invest (note: more than one year time horizon), I continue to believe that when we enter 2002, we will look back at this time as the time to buy -- not sell. Only time will tell.
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