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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: stomper who wrote (4782)	10/5/2001 11:21:17 AM
From: All Mtn Ski	Respond to of 33421

I guess I should quantify that statement by saying I think most SI posters relay the conventional wisdom and a few stand out against it. Our thread's namesake being one of the few. I certainly have friends who think the end of the world is near and won't touch equities, but they are not the "sophisticated" types. Some people are also more naturally pessimistic than optimistic, I fall in the latter, some of my friends, the former. It is amazing how much of the population has bought the long term buy and hold B.S. and still buy it today via lack of pessimism. Although we've had great pessimism in the markets and from the professionals, thus I think the tide is turning. I only listen to CNBC in mornings, when I'm looking at the futures and trying to rally myself out of bed. Other than that, CNBC can cloud your thinking with their "make news" mantra and some of the lame people they get on to express "opinions". <bg> Tom

To: stomper who wrote (4782)	10/5/2001 2:54:06 PM
From: OX	Read Replies (1) \| Respond to of 33421

FWIW, I view that there are 2 classes of what many call the "typical" investing public. One is the typical LTBH. These people will not sell and are the ones holding the markets together. If/when they sell, the markets will have one h*ll of a panic. Fortunately (?), the only ones to have panicked to this point are the larger institutional fund mangers. The other is the "typical" SI poster (present company excluded of course ;-). IMO, I view these posters as the ones they refer to when they speak of J6P (joe-six-pack). Quite ironic.