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Strategies & Market Trends : Classic TA Workplace

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To: John Madarasz who wrote (42126)6/14/2002 11:32:17 AM
From: JRI  Read Replies (2) of 209892
 
Hi John...just to reiterate JoTs point from yesterday...almost everyone I talk to about the market...lament the tech losers they are still holding...but conversations about selling them ("they are still overpriced") are met with, "but its only x$ a share now/its down 90%,how can it be overpriced".....conversations about diversification (a little gold, cash, maybe a reit, holding only 20-30% in stocks)* is met with the most absolute blank stares you've ever seen...as if I am Moby from Mars.

* That's after I tell them, well cash sucks, but I don't think the real bottom is in yet, and if you can't watch market, I wouldn't buy-and-hold any stocks now. That intro NEVER flys, so I propose the alternate "limited stock exposure" idea

Indeed, we have a long way to go. 20 years of muni-fund/business TV brainwashing to unravel. Neither time nor price on bull argument side here.
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