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Pastimes : The Justa & Lars Honors Bob Brinker Investment Club

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To: MrGreenJeans who wrote (597)9/1/1998 10:00:00 AM
From: Lars  Read Replies (3) of 15132
 
MrGreenJeans

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There are some extremely bright people in the finance profession who at some point will, if they have not already, have decided that the market downturn is for the most part an emotional response from various institutional and small investors to political crises throughout the world. At some point, they step in and buy undervalued equities and the market heads north as others "piggyback" their decision making, primarily in response to advances in the indexes, and do the same. It is these investors, the early purchasers, the rational thinkers, the quants, that make the most from any upturn because they did an analysis, stayed with their convictions, and acted.

I am not saying it will happen tomorrow I am saying it will happen sooner than the naysayers think. It will be swift, it will be fast, and those on the sidelines will be left out of the serious money as usual.
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I agree that there will be a fast upturn. This just doesnt make sense. Eventually the institutions will realize that they have to jump back into equities. No one I have talked to is selling. I have been asking everyone. In fact they are buying. The common response is I cant retire going to fixed accounts earning 5%.

IMHO, this is a great opportunity. Mr Market can be so generous.
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