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To: Andy M. who wrote (24161)9/21/2001 5:34:40 PM
From: sea_biscuit  Read Replies (1) | Respond to of 25814
 
Congrats for having so much powder dry during this horrific plunge. For myself, I feel very comfortable dollar cost averaging into this market every month. And any extra savings my wife and I scrape together over the next year or two is going right into the market. Good luck.

Thanks. And I wish you and your wife good luck too. I am still seeing way too many people with dollar signs in their eyes, and I can't believe it. Maybe this is why it took the markets 3 1/2 years to bottom after the 1920's mania started unraveling... I have studied market history but I am learning new things as I relive it. Fascinating!

Just look at Addi, for instance. He says, "...Whether LSI goes to 5 or 6, or whether it goes to 1 and then comes back to $10-$12 or $100/shr or $250/shr..." Do you think he threw in the 100 and 250 just like that? I don't think so. I think he still believes we will get there!

I agree that his is an extreme case of "Denial in Perpetuity", but there are still plenty of folks that think we will see 30 in no time! A 200% return from here? For what reason?