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To: Seeker of Truth who wrote (3457)1/23/2000 11:04:00 AM
From: sunny  Read Replies (2) | Respond to of 6018
 
malcolm

i appreciate your answer especially on the hong kong mentality.

i agree that behind the tech stock appreciation there's the fundamental revolution. have always believed in it and will 'til something dramatically changes. i think noone can better argue about it than we - SI or RB or whatever community members. this global communication is being made possible by technology esp. the internet. no doubt about it.

but there's the real world and the capital markets. they don't always go hand in hand and maybe the capital market ran away from the real world too fast. like an athlet on a marathon wasting too much energy and having to take a huge breather.

in the long run this won't matter much, but i'm also interested in the short run (1 to 3 years). the breather could take as much as 5 to 10 years as previous bear markets have shown.

i believe in technology but i also believe in mass psychology. and i know that if one starts leave the ship the next one is likely to follow and so on.

if the tie between real world and capital markets would have been much stronger i surely wouldn't care. but since this isn't the case i'm starting to get worried - what on the other hand is nothing to be worried about...*g*

regards
sunny



To: Seeker of Truth who wrote (3457)1/24/2000 1:15:00 AM
From: TobagoJack  Read Replies (1) | Respond to of 6018
 
Agree with Malcolm on all points made. If not, I would, instead of sitting on cash and 9984, SNE, RTRSY ..., I would be sitting on platinum, gold, ...

Nope, I am looking for correction, not collapse, not just yet. Collapse will come after Social Security is allowed to invest in the stock market, and when subscription to on-line trading accounts in the US number in the 15-20 million range.

In the mean time, I can not say margin loan is a good idea as one typically have no control over margin calls.