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Strategies & Market Trends : Rande Is . . . HOME -- Ignore unavailable to you. Want to Upgrade?

To: Tradelite who wrote (37985)	10/11/2000 1:18:28 PM
From: Tradelite	Read Replies (1) \| Respond to of 57584

re:diversity of opinions on where market is going.... Have heard no less than four "experts" (all local) say publically on radio in past week that nothing productive will happen until we see "capitulation." One called it a "climactic event" instead of capitulation, however. I dunno about you, but I haven't seen a climax of any kind. Just a bunch of rocky trading for weeks, and all on a downward channel in the various indices. I think we will know the bottom----it will be quick and ugly. My question is the same one Joe Kernan raised this a.m. on CNBC-----is there something different this time? Yes, I think there is. Has something to do with high interest rates, high oil prices and energy shortages, plus what is or will become a very beaten-down psychology among today's younger and less experienced investors, who have been fueling the bull market speculation that made them much money, which they are now losing. I would love to see a bottom and a big bounce that will be lasting....but I have to take the pessimistic view that my down stocks and my down mutual funds might stay that way for a while, maybe even years. Been selling real estate too long to disregard market cycles....it was only several years ago that I was helping sellers unload at a loss the homes they had paid way too much for in good times. What goes around comes around....and buyers today who are paying hot prices in hot markets will experience the same cycles. Just hope they don't have to sell during the rough times and can wait for the inevitable good times to roll around again. Same with stocks----or at least my portfolio hopes so.