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Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: Ilaine who wrote (72326)	2/27/2001 12:48:08 PM
From: oldirtybastard	Read Replies (1) \| Respond to of 436258

I'm not talking about the stock prices, I'm talking about confidence and the risks taken when the mania was at its peak along with the fear and self-doubt that comes now. Money chases money in the hopes of eventually returning even more money. It is still chasing and chasing, but no matter where it goes now, someone has to take the other side of the trade as Noland said Friday. Value stocks are fine, and we have some prime examples in GOLD, HM, and HGMCY, but they mean very little in the grand scheme of what has been happening. Everyone, RIGHT NOW, is waiting for something to happen. Bets have been placed and hope runs rampant. But what are they waiting for? I think they're waiting for someone to give them BACK their money...I'm not going to do it, you're not going to do it, so who is? Who wants this risk right now? Stoopid bagholders from overseas are already in, what is left? I just got a checking account with 6% interest, no snags, why would I invest non-trading funds elsewhere? As to my comments about a reversion to the mean not being palatable for most, I speak of personal experience. I made $40k/yr coming out of school at 21, living in a nice condo by a lake in Chic's neck of the woods, driving a Japanese sports car, living very comfortably, but not eating out at 5 star restaurants or drinking $20 bottles of wine at home every day. Now I make substantially more trading and my tastes and requirements for a sufficiently happy lifestyle have risen. It is very easy to live on $40-$60k/yr in most of the country if you are not heavily in debt and have no dependents, yet it would be CRUSHING to me emotionally to ever have to return to that lifestyle, which was not bad at all, but of course everything is relative. Sorry to get personal, I usually apply my thoughts and situations to the general population, except with a time delay. Like Earlie, I am usually early -g-