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

To: KevinThompson who wrote (49299)	3/17/2001 11:45:18 AM
From: tennessee_ted	Read Replies (1) \| Respond to of 57584

Agree with everything you said, my past experience with shorting did not work out too well, but without checking my journal, I'd guess I was bucking the trend there too. My little bet on the drop is 10 QQQ puts picked up a few days ago that surprisingly are now profitable (but for how long!). The lag time for the average person to act apparently has been breached and my concern for those I care about and who have not acted yet is that they'll be even later to exit. I only started trading about 18 months ago. For years prior to that, I remember very well listening to Market Place on NPR every day, which put me in the minority, and still being fairly removed from the reality of what was really happening. I believe most people are so wrapped up in jobs, family, life, etc. that the seriousness of it all is just now hitting home, especially the part where it might get worse, what with Japan's situation and energy costs skyrocketing, and so on. If this snowballs like I think it might just, we could get the ultimate doom and gloom scenario that the "wackos" we'd laughed at in the past were predicting for years. From what I read, the average fund only has 15% maximum cash on hand for redemptions. When we get mass movement out of stock funds to money market accounts, we will really be in the soup. I see more of that advice appearing in the mainstream media, so that could come to pass. Thanks for the chat!