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Strategies & Market Trends : Rande Is . . . HOME
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To: velociraptor_ who wrote (49135)3/14/2001 8:30:00 PM
From: Tradelite  Read Replies (1) of 57584
 
I agree "the money is GONE."
I really feel for the retirees whose retirement funds have been cut in half....or even more than that. Have friends who retired from high-paying jobs who have had to go back to work at real jobs because their 401K's no longer look adequate and the stock-trading thing didn't work out for them.

For what it's worth, I've noted here before that I listen to some fellow on the radio who is a PhD. and exclusively a technical analyst who sells subscriptions to his service, which is updated several times a week and is relied upon by professional money managers in our area. He's a REAL NERD and if you listened to him droning on and on about his statistical models and whatnot, you'd know what I mean.

Consistently, and again this evening, he predicts the REAL capitulation won't come until the summer. Brokers in our area have taken to calling this anticipated summer event the "final annihilation"....which is a lot stronger than simple capitulation.

Food for thought, if nothing else.
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