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Strategies & Market Trends : A.I.M Users Group Bulletin Board -- Ignore unavailable to you. Want to Upgrade?

To: Bernie Goldberg who wrote (8906)	10/14/1999 1:01:00 AM
From: RFH	Respond to of 18928

Hey, Bernie. Great to hear from you again. And a wonderful article to say the least! My favorite quote from the article is: <<Clearly it's better to be overconfident than clinically depressed>> I have a couple of non-AIMers (non-believers) to whom I plan on sending this URL. Thanks again, Bernie! Sincerely, RFH

To: Bernie Goldberg who wrote (8906)	10/14/1999 12:10:00 PM
From: OldAIMGuy	Respond to of 18928

Hi Bernie, I'd say that AIM's a pretty good bandaid for most of those seven problems. "The only folks who are immune to overconfidence, Kahneman has found, are the clinically depressed. They have a realistic view of their chances." Now there's something for us! Does this mean people should quit taking those anti-depressants so they can become "realistic" investors!! Could Irrational Exuberance be linked to the advent of PROZAC???? Again, AIM has saved many from what we might term "chronic investment depression!" After a few cycles we start to LIKE market corrections! I guess AIM might make us overly optimistic after a while and maybe have us drop our guard. However, if we adopt Mr. Lichello's methods and stick with them, we end up being very happy when fully invested (near market bottoms) and "worried" when we're loaded with cash (near market tops). Looking at the DOW this AM, it would appear that we're getting very close to what I'd guess might be a support level - 10,150 (remember the 8/30 newsletter?). If the market breaks down below that, I guessed that it might not stop before DOW 9500. This could prove interesting. Different from last Fall, my cash reserve is very healthy this time around. It would appear that the most severe damage is being done in the Large Cap. arena this time. I don't own no stinkin' Large Caps, Man!!! Maybe that's why I'm being spared this time. I guess it's not too early for people to be start selling their dogs and cats for tax loss reasons. It's darned hard after a few years of AIMing to come up with a decent loss!! Oh well, Something else about which to be depressed! Thanks, Bernie, for bringing that article to the board. Best regards, Tom