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Pastimes : All Clowns Must Be Destroyed -- Ignore unavailable to you. Want to Upgrade?

To: patron_anejo_por_favor who wrote (38965)	6/10/2000 8:32:00 PM
From: robnhood	Read Replies (2) \| Respond to of 42523

Patron, I guess that it will not be long and grinding.. I think that it will crash, then it will be long and grinding. Everything that I have read points to a reversal that at least surpasses the exuberance. In all of my time trading the market I have never seen exuberance wane slowly.. Just look at those Nut stocks. Do they look like the air came out slow and grinding? Not. They vaporized.. I read once where promoters dump tons of stock in the denial stage. People think that they are getting a bargain, relative to recent prices. I think that we are now in that stage. Everything points to that.. The sideways movements every day. The Spoos slip on their own and magically they jump every couple of hours sucking in the day shorts and remaining dipsters. They jam them up on Globex. Who ? Doesn't compute to me. There's a vaccum right now, where all of the MF holders are mezmerized , and still having the paycheque deductions. Whew, long winded, but that's my take.

To: patron_anejo_por_favor who wrote (38965)	6/10/2000 10:26:00 PM
From: BGR	Respond to of 42523

Russell seems to be a technician. I didn't know that people still follow technicians ...

To: patron_anejo_por_favor who wrote (38965)	6/11/2000 12:36:00 AM
From: UnBelievable	Respond to of 42523

The Fed, The Dollar and The Trade Deficit Are All Immaterial As are corporate earnings, presidential elections, the price of gas, and global warming. Stock prices are no longer based on any underlying economic circumstances. It is now part of conventional wisdom that stocks increase in value. And of late, increase in value very quickly. Obviously this is not true. There is a fairly limited period of time during which anything, which is a part of something that is growing at 5% per year, can grow at 50 - 100% per year. At some point, that truth will be understood. When it is, people will stop buying other peoples stock because they will know that there is no one who will be willing to buy it from them. My own feeling is that Bear markets occur much like bankruptcy: Very slowly then very Quickly.