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To: Ilaine who wrote (31205)10/25/2000 2:34:47 PM
From: pater tenebrarum  Read Replies (2) | Respond to of 436258
 
in a sense it IS irrelevant. as long as there are places to hide, no capitulation has occurred.

what it will take is some event that leads to fund managers reconsidering playing around with other people's money like that. one of them breaking ranks perhaps, believing he will look good when he shows a big cash balance instead of scores of bombed out stocks on the statement?

the fact that the public at large is not even worried yet, is in fact VERY worrisome. i have recently seen a mufu fund flow chart from the '70's...the first REAL rally off the bottom in '74 was the one mufu holders were SELLING into. prior to that, they bought EVERY single recovery.



To: Ilaine who wrote (31205)10/25/2000 2:47:42 PM
From: Earlie  Read Replies (1) | Respond to of 436258
 
CB:

Doesn't this guy listen to his wife? (g)

To be serious, it is only a matter of time before even the senior indexes also get drained. I hope he is young, becausae he will have to do the old "start over again" routine.

Best, Earlie



To: Ilaine who wrote (31205)10/25/2000 2:48:04 PM
From: Earlie  Respond to of 436258
 
CB:

Doesn't this guy listen to his wife? (g)

To be serious, it is only a matter of time before even the senior indexes also get drained. I hope he is young, because he will have to do the old "start over again" routine.

Best, Earlie