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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 683.310.0%Nov 12 4:00 PM EST

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To: donald sew who wrote (13227)5/7/1999 9:05:00 PM
From: Jeffery Lakeshire   of 99985
 
Don,
>>Those who are overly tied to materialism, and there are many - will
have a very tough time adjusting when a bear market starts. Frankly, I would not be surprised if suicides rose, but that would of course be the exception. Also keep in mind that the baby boomers will be starting to retire in 10-15 years. Will they be able to reach their goals/regain their losses with a possible bear market occuring near their retirement. Most of the average investors I speak to now are
planning their financial retirement goals on 15-25% gains year after year, with absolutely no calculation for a bear market. To make it
worse, some are already spending it as if they have it now.<<

I totally agree with this. This bull market has lived for so
long, without a serious break, that the vast majority of investors
feel that the possibility of an extended bear market is simply
something that cannot ever happen again. Now there is the extreme
claim of a so called "New Era", where supposedly inflation can
continually remain LOW while the economy speeds ahead due to
technilogical advances. Greenspan said just yesterday,
"You can forget about a New Era. The same fundamentals apply".
Jeff
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