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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: sjemmeri who wrote (8377)	9/24/1999 10:52:00 PM
From: Michael Burry	Read Replies (1) \| Respond to of 78958

Can the market possibly take a major hit if everyone is planning on it? Why not? The last five years everyone planned for the market to go up. Good investing, Mike

To: sjemmeri who wrote (8377)	9/25/1999 8:21:00 AM
From: James Clarke	Read Replies (2) \| Respond to of 78958

Clearly "everyone" is not planning on a major hit this fall or the indices would be down a hell of a lot more than they are. As for how value investors are doing in this drop - this one is getting creamed. Internet shorts have not been quite the market hedge I thought they would be. They were up last week!

To: sjemmeri who wrote (8377)	9/27/1999 2:54:00 PM
From: Terrapin	Respond to of 78958

Hi Steven, "Can the market possibly take a major hit if everyone is planning on it?" More likely it will become a self-fulfilling prophecy. I see a few possible sccenarios. The majority of people either sell at the first sign of weakness or in a pre-emptive strike of that weakness and trigger the selling. Or the majority of people simply delay any purchases while they wait for the coming sell-off. Either way I do not think that the underlying "buy-on-dips" mentality has evaporated as people try to duplicate what happened last fall. Fingers crossed, Terrapin