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Politics : High Tolerance Plasticity

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To: cnyndwllr who wrote (1445)	3/12/2001 4:53:36 PM
From: upanddown	Read Replies (2) of 23153

Well, the argument that we are only in a tech bear lost some ground today as the S&P 500, after a month of bobbing and weaving to avoid the inevitable, fell into the classic definition of a bear market, down 20% close to close, and then added on another 3% for good measure. The poor, bedraggled NAZ in now in its worst bear ever, eclipsing the 73-74 bear and now down 62%. That news is going to cause more fear and trembling short-term but does anyone else have the feeling that those with a little vision and a lot of cujones are about to make some serious money? If today wasn't a capitulation day, it sure looked close. Never underestimate the ability of the market to do the unexpected. The start of the decline last March came from within a sea of complacency. The turn will almost certainly come at the point of maximum fear and panic. I think we are close. JMO. John

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