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

To: Zeev Hed who wrote (49678)	5/7/2000 11:45:00 AM
From: Joan Osland Graffius	Read Replies (3) \| Respond to of 99985

Zeev, >>Gosh, if the Asian melt down and the recent NAZ melt down did not do it, what will? I do no know. But, as far as the NAZ melt down, heck J6P still thinks this is a normal correction in a bull market that is going to the moon soon. No one is scared out there. Every person I talk to thinks things are just fine. The self talk is it will be back as soon as a blink of an eye. The Asian melt down did not effect the person on the street in either the US and Europe; and very few people know about LTCM. They will get scared when something big happens that effects them; and we have not seen it yet. Joan

To: Zeev Hed who wrote (49678)	5/7/2000 12:08:00 PM
From: jmootx	Read Replies (1) \| Respond to of 99985

Joan, good point and I believe that the ignorance from the average investor is the combination of greed and trust. Baby boomers feel infallible since the Cold War was won on their watch much like those in the 1920's felt after WW1. (The war to end all wars.) There is a sense of greed and justice seeing our former enemy in economic ruins (Russia) much like those felt about Germany in the 1920's. Asia is no different in this respect, Americans sure took a bashing from the Japanese in the 1980's. Their products were "always" going to be superior and cheaper than anything made in America. Our market crashed in 1987 as theirs soared into 1989. So once again, Baby Boomers feel infallible as the reverse of fortunes occur. These are some powerful of hypnotics to justify their ignorance about the bubble bursting.