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Strategies & Market Trends : Classic TA Workplace

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To: AllansAlias who wrote (46500)	7/19/2002 8:32:11 PM
From: Shack	Read Replies (5) of 209892

I think the use of the word "bulls" here is problematic. Here's what I mean. We had a little roundtable yesterday at work and it was amazing the comments I hear. These people feel they have no choice but to stay in the market, its all they know. "So where am I supposed to put my money?" When I suggest "cash", they give me blank stares because none have ever done that, hell they don't even understand THAT THEY CAN DO THAT! One guy had never heard of a money market fund!!-ng Everyone is young and they say ultimately it will come back. "I'm not taking it out for 30 years, market always come back" I have little patience to explain the math to them not to mention real rates of return. I feel bad because many have been duped. It is not "clownness" I sense, they are all simply oblivious. Most are not telling me what a great buy CSCO is here, they just continue to pump in their cash every month as they have been told to. IMO, they aren't really bulls in the purest sense, they are just ignorant.

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