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To: pater tenebrarum who wrote (51701)12/27/2000 5:27:40 PM
From: Wyätt Gwyön  Read Replies (1) | Respond to of 436258
 
the mantra that the market 'always comes back' and preferably in a very short time has become so ingrained, the belief in the efficacy of the Greenspan put so universal, that nothing can shake the bullish consensus anymore.

Can you say "self-fulfilling prophecy"? The conviction that the market is a perpetual money machine is the cornerstone of any bubble worth its salt -g-



To: pater tenebrarum who wrote (51701)12/27/2000 5:29:48 PM
From: yard_man  Read Replies (1) | Respond to of 436258
 
Don't they know how to dollar cost average?

cnnfn.cnn.com



To: pater tenebrarum who wrote (51701)12/28/2000 12:11:22 AM
From: Don Lloyd  Read Replies (1) | Respond to of 436258
 
hb -

Anindo, that's a great mystery. and it's what differentiates the current decimation phase from every other that went before it since the bull began in '82. all downturns save the current one produced excessive bearish sentiment which denoted the primary up trend would hold. ...

That's because the current decimation phase is just a big misunderstanding. Maybe when decimalization is complete it will be clear what the SEC actually meant. -g-

Regards, Don



To: pater tenebrarum who wrote (51701)12/28/2000 8:02:29 AM
From: Terry Whitman  Read Replies (2) | Respond to of 436258
 
Now Heinz, if you'd believed in the Fed POOT, you wouldn't have pissed away all that cash on Bank puts. <G>

It may be time for bank bears to feed now though. I do believe that there's a little matter of MAJOR resistance for them to overcome here now-
207.61.23.98

You could almost draw a rising wedge over the last few weeks there too...