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To: lifeisgood who wrote (36419)	11/11/2000 12:33:54 PM
From: re3	Respond to of 436258

<<<It hasn't happened yet and won't happen with the markets, ANYTHING is possible.

To: lifeisgood who wrote (36419)	11/11/2000 12:42:09 PM
From: AllansAlias	Read Replies (1) \| Respond to of 436258

You are kidding, right? It has never happened that a severe market decline has not forced people to withdraw funds. They have always capitulated and will do so again. I do agree that they are desensitized by their clownish belief in the market and the volatility, but that just changes the curve of capitulation -- it does not prevent it. I am currently playing what I believe will be a bear market rally and am net long. I could ride out a drop in the NAZ to 1000 if I had to and wouldn't blink an eye. What do you mean "ride it out"? You would stay long?!

To: lifeisgood who wrote (36419)	11/11/2000 1:23:18 PM
From: patron_anejo_por_favor	Read Replies (1) \| Respond to of 436258

<<I could ride out a drop in the NAZ to 1000 if I had to and wouldn't blink an eye>> Yes, but would you ride out a drop to 500? 200? 100? 50? The point is everyone has a different pain threshold and risk tolerance, depending on when they might actually need to spend their "savings". A 35 yo will be able to stand (all other things being equal) MUCH more pain than a 55 yo, who may actually be planning on retiring or paying for a kids college education, etc. Redemptions will happen if the 'dung falls further or doesn't rise by the end of the year. The "smart money" in funds will leave before the cap gains distributions occur in mid-November to mid-December, IMO.