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Pastimes : Home on the range where the buffalo roam -- Ignore unavailable to you. Want to Upgrade?

To: freeus who wrote (159)	5/3/2001 9:52:25 PM
From: solihull	Read Replies (1) \| Respond to of 13815

Freeus, <<Naz 1700 type meltdown>> Highly unlikely. As Bo said, we're in for a "slow, grinding bottom." I wish we could go back. There are thousands of folks feeling same. They want in. Afraid to step with both feet (so am I). The shorts can't be confident either anymore. IMO, shorting is wreckless at this stage. I sold a kamikaze position in EXPE today at the open to protect, only to watch it head higher and remain strong all day. Who wouldn't like BRCD in the 30s? Remember SEBL at 26? Those days are long gone and aren't coming back, IMO. I'm 50% cash and scared it's too much. Worried I should have loaded up EMC at 42 1/4. Afraid tomorrow's numbers will be good and EMC will be back to 45+, BRCD at 50+, etc. At least we don't have to worry about the employment report being released after-hours only to watch things run before the market even opens. Did you see this: "We like the market," said Robert Christian, chief investment officer at Wilmington Trust, which manages about $27 billion. Despite the tough earnings environment, Christian added: "You've got to place your faith in the fact earning visibility is not possible right now because by the time you see earnings visibility, stocks will be 30% higher. Those who say 'let's wait' are going to wait forever and miss a lot." What struck me about this quote is that WT is a VERY conservative outfit. They run mostly "old money." In '98 a friend of the family told WT he wanted them to take a large position in JNPR with his family's trust. WT said, "No way, it would be too risky." Of course, their prudence cost him a bundle. And now they're saying "jump in!" Like you, I used to have a much higher threshold for pain. john