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Technology Stocks : Qualcomm Incorporated (QCOM)
QCOM 155.82-1.3%Jan 23 9:30 AM EST
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To: waverider who wrote (112892)2/10/2002 11:26:29 AM
From: sea_biscuit  Read Replies (2) of 152472
 
I agree. It took some people until recently to even admit that we are in a bear market. Case in point is Addi on the LSI board. To him, and to many others, the 9/11 tragedy came in handy as an escape route. Otherwise they would be still in denial.

Another myth that is going to be destroyed is the one about "buy and hold". As of now, the attitude of investors in the 401(k)s is -- "We don't mind going down as long as we don't miss the upside". Well, at some point they will realize that there is NO upside and the possibility that they will go down further will loom larger and larger. Sometime during the next year or two, the average buy-and-hold investor will add up his losses, go to the toilet, and decide to get the hell out of the market.
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