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Strategies & Market Trends : Bob Brinker: Market Savant & Radio Host
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To: Joseph G. who wrote (7774)9/7/1998 2:21:00 PM
From: Ken Brown  Read Replies (1) of 42834
 
I'm not predicting the future, but most plans allow transfers

An anecdotal - and therefore probably meaningless - report. I was at a party yesterday, and not surprisingly, the market was a hot topic. The prevailing attitude was complacency, to my surprise. I'd have thought by now that there was some fear out there (surely there is in my household). But these people were oblivious to the dangers. "The market always goes up in the long run" and "A bear market just means stocks don't go up" were some scary comments I heard. My statement that it was possible, though not necessarily likely, that a bear market could cut 50% off the Dow from its high, was met with disbelief.

These are the folks who will NOT move their IRAs and 401Ks until the bottom occurs, when a bear market finally hits (if it hasn't already).

Ken
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