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Politics : High Tolerance Plasticity

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To: kodiak_bull who wrote (7427)	9/5/2001 8:41:56 PM
From: kollmhn	Read Replies (1) of 23153

while I wasn't a player back then, I was a witness to the prolonged selloff without a bounce that occurred in the 70s, as the "nifty fifty" went from hero to goat status. It wasn't that there weren't bargains at the bottom. It's that no one with any balls was left standing to buy them. It took nearly ten years to convince a new generation of "investors" (read non-idiots) to take the market higher. Burn enough people and they all get gun shy. This could happen again but, I'm not predicting it will. But, it will if the rest of this bunch of "tech will rebound big time, now, any quarter" crowd doesn't get some financial religion.

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