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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?

To: Jeff who wrote (58837)	4/29/2002 8:01:09 PM
From: westpacific	Read Replies (1) \| Respond to of 99280

Jeff, booooom, that is my point!

To: Jeff who wrote (58837)	4/29/2002 8:56:13 PM
From: augieboo	Read Replies (1) \| Respond to of 99280

Jeff, I agree. Actually, I think that 9-11 brought the market down a little quicker but brought it back up a lot quicker too for just the reason you stated. Oh, sure, the market fell off, but that's just because of 9-11; there's nothing actually wrong, really. Happy days are just around the corner... Yep, nothing wrong. According to the theory "they" were selling at the time, (i.e., late last fall), shouldn't we now be well into the recovery from the recession (that never happened)?

To: Jeff who wrote (58837)	4/29/2002 10:02:21 PM
From: Mike M	Read Replies (1) \| Respond to of 99280

It isn't that simple Jeff. Yes the stocks were in a decline. They were not necessarily going to 1385 by September. Maybe they would have gotten there by February or March or October 2002 or whenever and maybe in another leg of this bear. Stocks might well have found support in the 1600 area for a few months rather than 1380's...Who knows. Not me and not you. Furthermore, there was plenty of damage done to companies as a result of the following week(s) of economic inactivity. Many companies were hard pressed to overcome the drastically reduced revenues. You can pin all the credit you want on technical. But, it is just a tool. Someday it will do something that you won't believe it should and will be left with the same dilemma we all face on occasion. What the hell do I do now? That is the one thing you can count on.