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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: pater tenebrarum who wrote (76989)3/7/2001 11:34:11 PM
From: AllansAlias  Read Replies (5) of 436258
 
Oh, until Friday. I am expecting a sell off on Friday so that's perfect. -g

Complacency is still a lightly sleeping devil. It is yawning and wiping the drool off its mouth these days.

Various boards are uttering peaceful words about the resiliency of this rally, the good times ahead and the second half turnaround. I will be so happy to go long when that looks like it might be possible. For now, it's complete rubbish.

To all you clown lurkers:
You ask yourself how you could have been so wrong after the NASDAQ was hit with that terrible initial shock. You ask yourself how you could have thought that earnings don't matter. You ask yourself how you could have not seen a recession coming. You ask yourself how it is that you did not unload your longs a thousand points higher than where we are now. You wonder about all the times you were pretty sure we were near the bottom. You remember reading tens of bottom calls from other well-known posters that turned out to be wrong. You think of all the surprise announcements from companies you loved. You are puzzled why rate cuts have not yet turned the mother ship.

Ask yourself now if your truly believe that we have turned a corner. Is this market ready to discount a recession? This rally may last one more day or three more months for all I know. No matter what you believe, don't take anybody else's word for it and know that money management and trading stops are worth more than a thousand gurus.
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