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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 670.92

+0.1%

Nov 7 4:00 PM EST

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To: bobby beara who wrote (72439)	3/17/2001 12:03:56 PM
From: Mike M	Read Replies (1) of 99985

I don't know a lot of folks averaging down. Maybe because this is the midwest. I do know some who have moved out of their equity funds into bond funds... I know some who have bought bonds for the first time ever. I know several who have, margin call after margin call, finally given up the ghost and sold out. I even know a few such as myself who have boxed positions to the max and day traded some of the margin away... Since I don't go to yuppie parties I have no feel for your perspective. Believe me, I understand there is more pain on the way, but they're out there puking. Don't think they aren't.

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