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Pastimes : The Justa and Lars Honors Bob Brinker Investment Club Thread -- Ignore unavailable to you. Want to Upgrade?

To: Hank Stamper who wrote (1510)	10/9/2001 1:21:10 PM
From: Cautious_Optimist	Read Replies (1) \| Respond to of 10065

It's so damn hard to judge "negative sentiment" objectively as we are biased toward "signs" of a rally or bull market. (Without getting too philosophical or quantum mechanical about human bias.) I still don't see mainstreet pubs, 60 Minutes or Oprah with stories of mass depression in an economic or psychological sense. I am relatively positive for example, holding rather than selling my significant QQQ's; the signal of a bottom would probably be when I can't bare the pain or my deflated ego, and I finally sell. I learned of my own subjective vulnerability after the bubble phase. For all the 1990's I swore I could navigate the certain correction by owning great tech stocks like SUNW, VOD etc, and recent brand-name mutual funds from Baron and H&Q that promoted themselves on both growth AND value in the tech sector (I learned about them on a nice color promo postcard via Schwab, shoulda known better.) And I bought those QQQs after they "tanked" to $60. Though I do have nice cash gunpowder partially thanks to Brinker plus my own hedging nature, my long stocks and funds allocation have been a financial deep pit. FWIW, I was conservative on the way up and not conservative enough at the top. I have no reason to believe it won't be the same in reverse for the bear market. So in a "scientific" challenge, my objective is to not make the same mistakes again. But frankly my puny mind has not figured out how to get "out of the box" as a mainstreet investor. So this posts ends more with a question, not any answers... Keep the faith.