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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: quasar_1 who wrote (173)	10/24/2000 6:51:57 PM
From: tradermike_1999	Respond to of 74559

The psychology and mindset of the crowd goes a long way into how they interpet things doesn't it? A few weeks ago a reporter from the Wall Street journal sent me an email and said she was doing a story on how individual investors were handling the market downturn. I gave her a call and answered some of her questions. I then told a few other people to call her. When the article came out I wasn't quoted. Everyone who was talked about how they were losing money and how horrible everything was. One of the people was even misquoted - I know the guy and he told her that he was making money in his trading account and thought the market would bounce off 3,000. When the article came out it said he had liquidated his entire account and was losing money. Really crazy - but I could tell from talking to the reporter and seeing the later story that she wanted to write about how horrible things were. Reporters bring their biases to what they write.