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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: Haim R. Branisteanu who wrote (78651)3/12/2001 12:32:30 AM
From: AllansAlias  Read Replies (1) of 436258
 
Haim,

You opine that "there are more funds". In other words, this makes this time different. So, you have found the way to avoid bear markets. It's a money tree. This can not be true. If you concede that we have not found a way to eliminate bear markets, then give the bear its due and let it run its course.

I am not saying we go to 1000 any time soon. I do think however that now, the chances of us getting there in the next few years is a decent bet. In between there will be wonderful rallies, some sharp, some long.

I read a nice quote this weekend. I can not recall the exact words,
but it went like this:

In 1929 the late longs were taken out.
In 1930 most other longs were taken out.
In 1931 the *smart* longs were taken out.
In 1932 the *really smart* longs were taken out.

I know, can't happen ever again while there is so much money looking for a home. -g

Who knows. It's a once in a lifetime lesson either way.

Cheers.
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