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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: Real Man who wrote (55105)	9/20/2001 10:10:26 AM
From: Real Man	Read Replies (1) \| Respond to of 94695

In Russia the bear market was over when they stopped calling "the bottom" and were very scared. Also when these guys showed up on Yahoo boards who no longer cared if it goes down, cause they thought at p/e of 1 it was cheap. I don't see anybody quitting calling the bottom yet, nor do I see these value guys anywhere. The market declined WELL BELOW where the bubble started. Using the timing provided there, we are in the process of the biggest decline, the second stage, when they sell because they lose hope it will go up.

To: Real Man who wrote (55105)	9/20/2001 10:19:58 AM
From: Oeconomicus	Read Replies (1) \| Respond to of 94695

Just heard one of the more absurd (IMO) knee-jerk proposals floating around Washington - to eliminate capital gains taxes on purchases of stocks or mutual funds made after 9/11. Imagine the churning of assets that would occur. I could dump my entire portfolio on the news (my gains and losses roughly offset right now, so the immediate tax consequences would be nil) and buy aggressive funds the same day, effectively eliminating future taxes on my investments. Even if one agrees that gains taxes should be reduced or eliminated, you've got to agree this is idiotic. Sure, it'd turn the market around, but not here. Well below here instead. Don't these guys think? Bob