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Technology Stocks : All About Sun Microsystems -- Ignore unavailable to you. Want to Upgrade?

To: Charles Tutt who wrote (41744)	3/3/2001 5:56:58 PM
From: Sonki	Read Replies (2) \| Respond to of 64865

i think we are far ahead of sp500 and naz. Seems like ez to be a long term holder when everything is going up. Instead of thinking how much we lost we might think how much we are ahead of sp500, qqq, naz... finance.yahoo.com

To: Charles Tutt who wrote (41744)	3/4/2001 12:30:07 AM
From: fuzzymath	Read Replies (1) \| Respond to of 64865

Surely the lack of confidence lies in the fact that the NASDAQ is down 58% or so from a year ago, doesn't it? If you look back to late 1999 and early 2000 when I first began reading and posting here, it was a time when everyone knew all you had to do was pop some money into stocks like SUNW and EMC, wait a year and a half, and your money would double. That was considered a very safe bet then. All my uncertainty and talk of "well I don't know, this rise is on declining volume, that's a warning sign of a top" was scoffed at. SUNW had risen 500% in just over two years, the economy was great, etc. I think it has nothing at all to do with the change of administration. Few people today really give the president credit for the economy. Presidents are lucky if they're in during good economic times, unlucky if not. The change in confidence comes in part because something most people had become "certain" of (put your money in the market and watch it grow really fast!) is now seen as not being true. That's a shock to people. Putting money that you worked to obtain into the market and then seeing it drop to 1/3 of its value makes you feel really bad: how much better off you'd have been if only you'd heeded Uncle Ed's warning that the market doesn't only go up. Long-term serious investors (like most people here) know this. But a very large number of new investors had no idea that a drop like this was possible. A year ago they considered themselves investing geniuses. Now, that's been disproven, at a considerable financial cost (including second mortgages on houses for many people). Is it any wonder they're no longer confident? Can we expect them to put more money into the market any time soon? kfarnham/fuzzymath