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Non-Tech : Raptor's Den

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To: ajtj99 who wrote (7824)2/13/2003 1:15:07 AM
From: velociraptor_  Read Replies (5) of 10157
 
<The truth is, the market is down because we're unwinding a once in 72-year bubble.>

Spot on. What is even better is to tun the cause and effect around. In other words, what if the grim situations around the world are the result of the decline and not the other way around. This is a global event essentially with the have's and the have not's with the US being the primary one to "have". Natural greed would want us to protect the gains at all costs so we become more agressive. Not only that but the emotional aspect of losing gains perhaps turns us more defensive. Think about it...for the first time in history, the US is about the become a first strike nation. I think it's easy to see the news as being caused by the outcome of the natural cycles in the market rather than the decline being caused by the news. It easily works both ways depeding on which way you look at it. The psychological aspect of finance around the world over time is a truly fascinating study.
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