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To: re3 who wrote (563)12/26/1999 11:15:00 PM
From: Lucretius  Read Replies (1) | Respond to of 42523
 
no, joe 6 pack will not sell until the bottom several yrs from now when pessimism is at its highest. he'll pride himself during the crash for holding and then weep when he realizes a few yrs later that it would have been better to sell during the crash.... its all about derivatives. if we're going to tank now, the money has already left. all that is left is the settling of accounts.

the key is that those who were successful in the mania must be confused by the action. that's how you know its real