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To: GST who wrote (131076)9/9/2001 7:47:50 PM
From: Skeeter Bug  Respond to of 164684
 
>>Do you remember the guys who used to say "the stock market cannot go down because people put money into their 401ks every month and there is no other place for the money to go but into stocks"?<<

yup. in the 80s, more money was in bonds than stocks. not anymore. the pendulum swings and the moroons extrapolate one move forever.

regression to the mean always happens. bubbles always end in disaster. we have not seen disaster yet. unfortunately, we will.


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