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Strategies & Market Trends : Gorilla and King Portfolio Candidates -- Ignore unavailable to you. Want to Upgrade?

To: RobertHChaney who wrote (47292)	9/29/2001 9:15:42 PM
From: Wyätt Gwyön	Read Replies (1) \| Respond to of 54805

IMO it means that the other 50% don't get it yet, and may not believe we are in a recession until after it is officially announced by the government and then pasted prominently on the cover of the major newspapers and magazines. people will get it when they lose their jobs and can't find another one, most likely. most people don't have significant funds in the market, but job security has remained good. if that starts to change (as indeed there are some signs) consumer confidence will surely follow. i think you could say the same thing about the stock market. most people still don't get it--the good times, the "easy money days" are over. that's why i think it will take another 5 or 10 years to sufficiently dampen the speculative spirits and bring the market down to attractive valuations. quite a bit like japan in THAT respect.