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Strategies & Market Trends : Trend Setters and Range Riders
MSFT 480.82+0.6%Dec 4 3:59 PM EST

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To: Susan G who wrote (16785)5/4/2002 3:00:48 PM
From: randy1503  Read Replies (1) of 26752
 
i don't think fear and capitulation have anything to do with whether the market bottoms or not. stocks are just simply overvalued relative to the economy, so even if we have a capitulation type selloff (whatever that is) on monday and the market loses 25%, stocks still might be overvalued and not go up. until our economy shows stronger signs of growth, i don't think anyone will commit themselves for anything other than a short term trade. the market can slowly bleed for the next ten or twenty years, but eventually there will come a point where the economy improves and valuations become attractive again and the market will go up, without widespread panic or capitulation.
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