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

To: Rande Is who wrote (47743)	2/21/2001 3:11:44 PM
From: moufassa7	Read Replies (2) \| Respond to of 57584

Today's DOW drop puts it in a downtrend. The NAZ and S&P are already there. Now we have all 3 major index is downtrends. IMO.

To: Rande Is who wrote (47743)	2/21/2001 4:12:05 PM
From: The Flying Crane	Read Replies (1) \| Respond to of 57584

>>"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."<< The way I see it, capitulation doesn't come every year. It comes after many years has gone by. My broken clock prediction is that the Dow hasn't even began its downward trend yet. Perhaps, yesterday and today might be the start of it. Who know? As we all are assuming that capitulation usually marked the end of a downtrend; so, I don't expect to see any capitulation until the Dow begins to find its bottom, which has yet to trend downward. I don't expect to see Nasdaq to reverse course until the Dow has completed its own correction. Giving my own broken clock prediction, I will say capitulation has yet to come. Be patient, is all I can say. Be aware that I'm guilty of making a broken clock prediction. I really don't have a clue to what is really going to happen next. But my gut tells me to stay on the sideline for now when it comes to buying stocks. >>"It is time we gave the Individual Investor some credit here. In my opinion, they have come a LONG way in a short time."<< I don't disagree with you on this; but I disagree with the size of this group who have come a LONG way. Again, the good news is that those who mastered their greed and fear will have the opportunity to make a LOT of money and the ability to KEEP it. Cheers!

To: Rande Is who wrote (47743)	2/21/2001 5:56:23 PM
From: Dennis O'Bell	Read Replies (1) \| Respond to of 57584

<<They became fanatical savers. . . and stopped trusting banks. . . favoring their own mattresses. . .>> This seems to correctly describe the situation in Japan, and we see where that economy has been going. I'm living proof of the shortened learning curve, having gone from company stock purchase plan/401K and savings in Vanguard index funds to managing my own account with severance package and rolled over pension plan funds. While I was lucky to catch the tail end of the bull, it wasn't all luck because I spent 4 months learning all I could before even opening the online account, and I haven't given it all back since selling last spring. You know, I suspect that this access to information for the Individual Investor enabled by the internet is what really sticks in the craw of many of the more conservative bear-religionist people around. How dare anyone come in and start investing just like that without having his hand held by a "financial adviser"?? From what I've seen of those, you need one like a wooden leg if you're willing to take time to learn. This access to online information about markets is an example of democratic process in action. We still face many conflicts of interest, but it could be much worse.