Bob Brinker: Market Savant & Radio Host Message Board

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Strategies & Market Trends : Bob Brinker: Market Savant & Radio Host

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To: Glen Hansen who wrote (1975)	11/2/1997 7:55:00 PM
From: dougjn	Read Replies (2) of 42834

On an intra day basis the market was down at Tues lows about 14-15%. Indiv. investors who haden't fully jumped in and saw their chance bailed out the markets. There was HUGE panic on the street, maybe not on main street, but all it would have taken was for Tues to repeat Mon. which it very well could have. The professionals would have. The little guy didn't. Its that simple. We got real close to a 20% correction in my opinion. It is not the fact that inflation rates are low or some other fundamental factor that kept us from a 20% panic. It is the ideology of the investing baby boomer public. This is healthy, good, a sea change. I guess to be relied upon, save fundamental continuing deterioration. But things were pretty knife edge Tuesday, as to how it would go. Don't kid yourself. I'm long and intermediate term bullish, and equity invested. But last week was a real scare, don't kid yourself. Regards, Doug

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