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To: elpolvo who wrote (2106)2/23/2001 10:09:20 AM
From: Clappy  Read Replies (1) | Respond to of 104202
 
i have a feeling that something else will be the next booming investment vehicle. i don't know what it will be but i'm looking.

Got gold?

It's still way too early to tell but those bearish gold bugs make more and more sense every day.
I'm hoping this is a sign of capitulation on my part. Hopefully a bottom is coming.
I'm trying my hardest not to sell my techs in here. It's getting difficult to see the horizon.

This market sucks.

-Clappy



To: elpolvo who wrote (2106)2/23/2001 2:16:43 PM
From: lurqer  Read Replies (3) | Respond to of 104202
 
whisper them to me in a PM

Not much for PM's. Spent too many years in mute lurking, so I try to "keep it all out in the open". With me it's not only "what you see, is what you get", it's all there is. Ain't no mo'.

if you have any clues

No clues. Other asset classes are not my forte ["course the question is - do I have a forte?], although I did make a little money in real estate in the '80s.

there's a mass psychology in the stock market that has been severely wounded.

Agree! Those that expect the Naz to challenge the old highs any time soon, need to consider the valuations that got us to the old highs. Several years of growth (even for the fast growers) will be required before those stock prices will be seen again.

JMO

That doesn't mean you can't still make money in the market, or even the tech sector. Just have to use a different approach. I believe a trading range will ensue for the next few years - all as part of a broad topping pattern. So I'm honing/developing my trading skills.

Subsequent to the trading range. I suspect a secular bear. A lot of money can be made on the short side in a bear market. Don't be put off by the personalities of the bears that posted during the '99 - '00 mania. They were mainly, just the dregs. I assure you a lot of reasonable, even tempered people successfully played the short side in the '70s. Pretty simple really. The opposite of "buy the dips" is "sell the rallies". If it makes you feel better, turn the charts upside down. <gg>

lurqer