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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: LTK007 who wrote (31916)	10/30/1999 4:47:00 PM
From: TWICK	Read Replies (1) \| Respond to of 99985

Hey now !!! Speaking for the 30 something generation, I can tell you that the 1929 crash and it's aftermath is something we investors and traders think about, worry about, and talk about. How can we not think about it ? We are on-line reading and learning, while we have CNBC, MSNBC, and Cnnfn running in the back-ground. As a 30 something who knows many, many investors and traders in all age groups (16 - 82), the 1929, and 1987 crashes are always a topic of discussion when it comes to comparing current markets, economic, and global factors and conditions. I also would like to stress that the younger generations, sometimes referred to as J6P on this board, are a little more educated and aware of things when it comes to investing and trading than you may think. Give us some credit. Talk to some of these J6P's and you'll find someone who is just as aware and concerned about his or her investments as the most seasoned person here on this board. They may not have experienced a 1987 crash, but take a look at the market breadth and A/D line, and you'll see that J6P is not out there dumping every penny into a "dip". Many I know are in cash, waiting for January 2000 and a 1999 October correction/Winter Rally . Trust me, there are many out there waiting. But then again, I don't think that J6P is that much of a factor anyways if you think J6P trades, speculates, and buys on dips. There are not enough J6P traders out there yet (we are growing in numbers and you older folks will have to trust us to keep the markets going in the right direction when your time comes to scale back to cash, and treasuries, and bonds), otherwise NITE, and other clearing houses would have posted better numbers. Even the e*Trades, and Ameritrades reported lower trading activity this Summer. Just my J6P thoughts. Cheers.

To: LTK007 who wrote (31916)	10/30/1999 6:54:00 PM
From: Terry Whitman	Respond to of 99985

Max- I fear that many members of your's, the 2nd generation removed from 1929, have grown complacent also in the last 20 years. They have much more wealth to lose. Since many are near or into retirement- they cannot afford to be taking large risks. But many are greedy and few are prudent. I hope for their sake and the 3rd and 4th generation's futures that the market doesn't grind them all into oblivion. I fear there is a VERY REAL possibility it may happen unfortunately. Have a happy day now, <g> TW

To: LTK007 who wrote (31916)	10/31/1999 11:49:00 AM
From: Stephen M. DeMoss	Read Replies (2) \| Respond to of 99985

Max, Whether someone is bullish or bearish right now; whether they believe in possible problems with Y2K or not; wouldn't it seem wise to have some put position on some bloated company going into the first of the year? Since none of us investing today has been through a calender change of this magnitude, we don't know. We don't know how perception will affect reality or what reality will be. I am thinking it would be worth the risk to have a percentage of our portfolio on puts for either December(perception affecting the markets ie. fear) or January (reality affecting the markets). Your thoughts? BTW, I'd love to hear some of the lessons and repeated stories your folks told you. Steve D.