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Strategies & Market Trends : Stock Attack II - A Complete Analysis

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To: donald sew who wrote (18682)9/17/2001 8:38:11 PM
From: James F. Hopkins  Read Replies (1) of 52237
 
Donald; RE >> Maybe Im too idealistic now, but Im not that bearish that the markets crashes
dramatically(Kahuna/1987 type), although I do suspect a selloff initially.<<<

I think the news has talked 87 so much taht people haven't seen what's happened.
Percentage wise the S&P is already down more than the 87 crash, just because it
didn't happen all at once don't mean more dollars ( percentage wise ) didn't vanish.
To top that off because it has taken it's time ( all the money that has gone into
funds ( mostly pension funds) since March of 2000 has been eaten up to.
Pension funds are now is serious trouble, out flow is more than they can generate.
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I use the S&P because it's market weighted, no way to use the dow and keep
apples to apples.
We are caught in the death spiral of the big ponzy scam,
I never thought it would happen until 2010 but looks like I was
wrong.
Every thing that happened to Japan will happen here, we are trying
the same tricks, it didn't work for them and wont for us.
Goodby American Pie..
With luck we will get enough of a rally for me to exit what longs
I still have, but new highs won't be back for 30 yrs or after 1/2
of this junk is replaced with new companies.
We can still fall another 50% , with luck the wall street thieves
and insiders getting shares for pennies on the dollar ( can with their
cap gain tax cut dump them) and make it slow enough they get to
suck the blood out of the public
for another 5yrs.
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Maybe by 2005or 6 the news will be S&P makes 17yr low.
Jim
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