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To: BWAC who wrote (29832)3/9/2001 5:33:26 PM
From: Ron McKinnon  Read Replies (1) | Respond to of 53068
 
THIS IS A BEAR MARKET
THIS IS WHAT HAPPENS IN A BEAR MARKET

a year ago it was pleasure
now it is pain

a year ago just about everyone talked and talked about stocks
with glee
no they either act like they have never owned a stock in their life or say they are getting killed

the market went up too far, too fast
now it has/will go down too far

those fund managers for the most part are still collecting big paychecks
and the 6 and 7 $figure analysts you see on cnbc say be cautious on a $20 stock which just happened to be the same one they loved and told you to buy at $100
stocks they rated a strong buy at 100 finally gets downgraded to hold at 10
but those guys still get paid

gettng pissed at anyone but ourselves does no good to our wallets

all each of us can do is to be protective of our capital and wait this out

it too will pass



To: BWAC who wrote (29832)3/10/2001 12:14:52 PM
From: E.J. Neitz Jr  Respond to of 53068
 
BWAC- In 2000 many fund managers became momentum players--just look at their turn-over ratio. Investors in mutual funds did not have an investment in stocks--they had a stake in the ability of the manager to flip in and out of the "plays of the day".