Classic TA Workplace Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Classic TA Workplace

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: GraceZ who wrote (40371)	5/28/2002 1:08:09 AM
From: Shack	Read Replies (1) of 209892

Yes its mostly a joke, but in many cases I am sure its not. OK, maybe they didn't directly use their credit cards or anything but I'm sure many folks who are carrying moderate to large amounts of debt are/were in the market, especially the 25-40 year old crowd who did not benefit from investing in 1982 and inevitably weren't as prudent as the little old ladies when they eventually did dive in. And the fact of the matter is if you avoided tech completely from day 1, the market is really only about 10-12% off its all time highs (as measured by the XMI). These are your little old ladies no doubt. I fear the trillions wiped out in the tech debacle were lost by folks who could probably least afford it. And this would also be the group which we would need to push the market higher from here. Old ladies ain't gonna do it. This is all IMO and anecdotal of course.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next