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Strategies & Market Trends : Classic TA Workplace

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To: Terry Maloney who wrote (26326)	12/28/2001 10:34:08 AM
From: At_The_Ask	Read Replies (3) of 209892

All bears thought the market was overvalued before 9-11. I was actually long for a bounce just before it happened. I held my position till mid NOV. I think we need to keep clear in our minds the difference between equity values, the economy as a whole, and the fortunes of the US as a nation. Should I go out and pay twice as much for a house or a new car than fair value just because Osama hates this country? We have survived over and undervalued markets before and we will survive whatever happens now also. If I don't think the s and p deserves or can sustain a pe of 26 that doesn't make me unpatriotic or a supporter of terrorists. NO ONE that is bearish sits around wishing for terrorist attacks to happen, some of these crazy longs that alledge such things should be ashamed. They probably sit around praying for war so that the inflation will make equities rise. The person who bought RMBS at 500 a share was the victim. The pumper who sold it to him was the victimizer. The stock market is just that, it's a place to buy and sell things. If you go in the grocery store and pay $20 bucks for a six pack of beer that is your own fault.

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