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

To: The Flying Crane who wrote (47735)	2/21/2001 3:03:41 PM
From: Rande Is	Read Replies (3) \| Respond to of 57584

For each one who learned to control, there will be ten more newbies coming to the market trying their luck. I doubt that is true with the current generation. Ever talk to those who lost everything in the Great Depression? They became fanatical savers. . . and stopped trusting banks. . . favoring their own mattresses. . . and teaching the same to all who would listen. I think that the current generation has learned a similar lesson which will have long-lasting effects and will alter the way individuals view these markets. Fool us once. . shame on you. . .fool us twice. . . shame on us. I have not sensed more than a few minutes of "panic" in these markets since October of 1998, when we saw a dramatic panic sell which started the greatest bull run in history. And I believe that the lack of panic or capitulation in the past few years has to do with the increasing education of the individual investor, due to the massive amounts of information now available on the internet. Remember that back in 1998, many, if not most newbie individual tech and dotcom investors had never even heard of short-selling. Many more were still trying to trade with 15-minute delayed quotes, for heaven's sake. . .or worse yet. . . with full-service brokers, charging $250 per trade. It is time we gave the Individual Investor some credit here. In my opinion, they have come a LONG way in a short time. Rande Is