To: Real Man who wrote (58078 ) 6/13/2002 12:15:20 AM From: xtahce Read Replies (1) | Respond to Vi, nope....small investors performed that feat in May 1970Well, they've been right before...about 32 yrs ago, back then this often titled "naive public" did the exact opposite from the pros and bought when the professional panicked... problem is the face of today's individual investor has change by a generation since then. Two years ago Sam Zell commented "It will probably end slowly rather than with a 1,000-point drop in one day, primarily because it's tough to convince people who've been winning that the game has changed. The whole new wild factor is all these individual investors who don't have the discipline of the pros. The market will go down, and they'll say, `Oh, another dip, a chance to double up.' But as the market keeps declining, they'll run out of money, and we'll get back to reality." Message 17390595
