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Strategies & Market Trends : Zeev's Turnips - No Politics

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To: KevinMark who wrote (64085)5/8/2002 3:51:56 PM
From: Rock_nj  Read Replies (2) of 99280
 
That happened to be me. In fact I also said we could easily have +100 point day.

To:ChrisJP who wrote (62675)
From: Rock_nj Tuesday, May 7, 2002 8:33 AM
View Replies (1) | Respond to of 64090

Somebody on another thread was talking about a conversion that they overheard at a diner this weekend. Apparently, some housewife was talking about shorting the market. Just as a lot of people got burned in the tech bubble a few years ago, a lot of novices will probably get caught short when the market turns around and lose a lot of money.
As we all know, the market can turn on a dime. Bin Laden found dead, up 100 points. Mideast peace deal, up 100 points. Strong employment numbers, up 100 points. Strong chip sales, up 100 points, etc. I just hope MaryJane housewife reaslized how risky shorting can be, especially with a market that has sold off as much as this one has.
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