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Strategies & Market Trends : Waiting for the big Kahuna
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To: Richard J. Byrd who wrote (2791)7/20/1997 2:42:00 PM
From: bobby beara   of 94695
 
Richard, thanks for calling me a sophisticated investor, lately hasn't felt that way -g-

>>The money just comes out of 100 million paychecks every week and goes into these funds and their managers just *have* to buy securities and up the market goes.<<< Nobody HAS to do anything -g-

Your quote and the drone crowd thinking, sold to you by the street (because their fat jobs depends on it, not because it is true) sounds similar to this quote:

"Day after day a vast, and growing, public continued to register its faith that what goes up need not come down. The clicking of tickers had shown Americans a quick and easy road to wealth" from The Day the Bubble Burst, October 29, 1929

Here is a post that explains the reality of things in a far more eloquent fashion than I could:http://www.techstocks.com/~wsapi/investor/s-6780/reply-20705

regards,
Bob
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