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Technology Stocks : Cisco Systems, Inc. (CSCO) -- Ignore unavailable to you. Want to Upgrade?

To: Stock Farmer who wrote (51965)	4/21/2001 4:10:53 PM
From: RetiredNow	Respond to of 77397

I wonder how many baby boomers feel that way? Because you pegged it with me. I am happy with where we are right now, but when I see the market retrace to half the loss from last March, I might go significantly more defensive. I bet a lot of people who have lost money feel that way now. The interesting thing to note is that those same people will feel completely differently on the way back up. The reason I think this is that the vast majority of people are risk averse. This means they almost never take profits soon enough as markets rise, and they wait way too long to take their losses as markets plummet. Market psychology is a strange thing...it will always surprise you. I took a graduate course in portfolio and financial statistical analysis, which covered a lot of these topics, many years ago. It gives you a very interesting perspective on how things work.