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

To: the Chief who wrote (50477)	5/12/2000 9:24:00 AM
From: jmootx	Respond to of 99985

It is all a guess and I will double my short if we see 3600. A lot of money has been flushed out, most of the dips have been really bad trades for the average investor. The shoe will drop, which will be when the media quits reporting the 'Peter Lynch' just ignore it all attitude. People are getting nervous, but will not admit it. The average investor knows just about nothing about the fundamentals, they follow the press and family/friends/broker guidance. Those with bigger fortunes in single stocks, like every mid-level manager of every large tech company is another shoe that will fall. I know three such persons. One admittedly says that the three million he has in CSCO stock is not something he earned, but lucked into. This person would dump on the market with impunity because there is really nothing to lose. How many others are revising their math calculations with their financial planners, realizing that a 2-3 million stock fortune at age 40, could be a comfortable retirement nest egg if sold today, taxes paid, put in cash and AAA corporate and muni bonds? There is the stock markets true value. How is the instant millionaire going to diversify, and by how much? With low volume in the markets will it be a 'run on the banks' if the press finds bearishness a great story? jmootx