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Strategies & Market Trends : Roger's 1998 Short Picks
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To: Sword who wrote (14271)10/2/1998 7:55:00 AM
From: craig crawford  Read Replies (2) of 18691
 
>> This generation believes the market will always quickly recover. So they will keep their money in stocks because "we're about to have another run-up" <<

Yeah, all night on CNNfn they have been interviewing people on the street, asking them if they are spooked or are going to pull their money out of the market. Of course they all say no they are in it for the long-term. We'll see about that when the three bears pay a visit to her house. This decline we've had in the last few months is relatively mild for a bear market.

All these financial shows make this 20% drop out to be some big deal like it's the end of the world. Twenty percent is chump change. A nasty bear market will last a couple years and have declines of 50% or more, with individual stocks down 80-90%.
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