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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED

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To: stockman_scott who wrote (35401)4/6/2001 1:18:32 PM
From: im a survivor  Read Replies (2) of 65232
 
<<"I didn't count on the market going off by 90% in six months. I wasn't ready for that. I got caught up in the exuberance of the moment."...>>>>

As did probably 75% of the people...maybe more.......most folks last year thought the bull was going to keep in doing it's thing....not many foresaw a 90% drop in many equity prices, and many people obviously got hurt by it. Margin was also a killer......we were taught to buy on the dips. I know traders that dont use margin, except for buying after major dips. They also got creamed because it was one dip after another from 5200 on naz to 1600 on naz.......

Last year and probably this year will go down as a whole lot more then just a blip on the screen as some have suggested.

Keith
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