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Strategies & Market Trends : Rande Is . . . HOME
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To: carepedeum2000 who wrote (48220)2/28/2001 11:46:11 PM
From: American Spirit  Read Replies (2) of 57584
 
Too much negativity, guys. Okay we're all beleaguered on the long side, and we're all waiting for Greenspan to finally DO something. And that may come tomorrow or next week. At which point all this suffering will quickly be forgotten. Just remember, hopelessness is in itself a contrarian indicator. This sell-off has defied the odds. It may take us a little lower but not much. Unless we're sliding into a world-wide depression this is just the tail-end of a bottoming process. There is something wrong, maybe even with the Fed, they're only human and can error. We know we're still paying for the irrational exuberance. But the great fortunes are made by buying into great pessimism. Of course you also have to sell at the top. gg But just remember that the only fundamental truth we know is buy low sell high. And there is indeed "blood" on Wall Street now. Techs have sunk far lower than anyone ever imagined they would. We're already at the super bears' target prices. Don't be hoodwinked by a day or irrational selling. Greenspan will continue cutting and the economy will gradually improve. And this talk about capitulation in the summer is nonsense. The tech market has already capitulated.
Gradually things will improve. Mark these words.
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