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To: Les H who wrote (123758)9/19/2001 12:51:58 PM
From: UnBelievable  Respond to of 436258
 
If They Bounce This Fast Off Of Anything They Are Idiots

They keep making it seem like as soon as we hit "the" number we are going to go beck up to 1400.

While some of the prices may look attractive (to someone I guess) it is worth keeping in mind that Japan hit a new post bubble low a few days ago 18 years after their bubble broke.

What goes up must come down. The opposite is not true.



To: Les H who wrote (123758)9/19/2001 12:58:19 PM
From: patron_anejo_por_favor  Respond to of 436258
 
That guy (Aaron Task) has written a lot of good stuff as the mania imploded. I'm not sure how he was before April 2000, but it's good to see some of these guys facing reality squarely. The Street.com will need it now that Meehan's gone.

Speaking of duty, Ike Iossif, president of Aegean Capital Group in Chino Hills, Calif., observed that individuals encouraged to invest for patriotic reasons "have not been told there are lots of foreigners who have poured billions into the U.S. market who have a fiduciary responsibility" to prudently invest clients' assets, not to rally around our flag. Money managers here have a similar responsibility, which is binding by law.

Rather than urge clients to invest for emotional reasons, the fund manager said the industry should "step back for a second and inform the individual investor of the risks that currently exist."


Not news to us, but news to many.