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Technology Stocks : Oracle Corporation (ORCL)
ORCL 219.89-1.3%3:59 PM EST
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To: Lizzie Tudor who wrote (17852)1/15/2003 7:45:33 PM
From: MeDroogies  Read Replies (3) of 19079
 
I agree. Every slump has an ending. It's usually right at the very end that the doomsayers make their loudest pronouncements.

But...every now and then...the slump goes on a bit longer than you think.
Doomsayers are like a stopped watch. They are right occasionally. Unlike a stopped watch, however, they tend to thump their chests and engage in schadenfreude. Much like a stopped watch, they do little to assist in fixing the problems. The people who suffer the most in a downturn - the long term investors - are the ones who pull themselves out. They are good at what they do because of 2 things: they are continually optimistic, and they have learned to bootstrap in the worst circumstances.

Ayn Rand knew a thing or two about these types of people.
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