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To: Slumdog who wrote (121428)3/23/2001 2:19:00 PM
From: Robert Rose  Read Replies (1) | Respond to of 164684
 
D: interesting link. i'm not sure why you posted it to my message, except to suggest that behavior on these threads supports the zero sum game theory of the stock market? of course the inflation and deflation of the bubble certainly supports the zero sum theory too. but looking longer term, the market's march has been quite steadily upward. which means more winners than losers going long. which means that chairs get added, and that we can all be winners if we stay the course.

that said, this bursting bubble has been horrific and gut wrenching to all of us who feel like their chairs have been yanked from under them. granted i've been bearish for 10 months now. but it's one thing to predict something intellectually, and quite another to watch it unfold, not just to the extent of your worst expectations, but even then some.

investing in a highly volatile market like this is about emotions, not just intellect, of course. they say bear markets like this one don't end until folks get so disgusted they take what little money they have left and vow never to return. i believe too much in this unfolding economic and societal revolution to ever think i'll get to that point. but who knows?

thanks for the link. rob