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

To: LTK007 who wrote (88629)	6/30/2002 2:40:01 PM
From: lifeisgood	Read Replies (1) \| Respond to of 99280

We go through this ALL THE TIME. HARD COLD FACTOID, very few are calling NASDAQ 1000. I thinks many analysts also realize that NAZ 1000 is inevitable. That, of course, is not something they would reveal in public. If they did, their firms could not continue to distribute stock to gullible longs who keep repeating words of solace to themselves... it can't get much worse it's dropped so far, it surely has bottomed the pain will be over soon I'm just going to stop looking at my statements etc. best... LIG

To: LTK007 who wrote (88629)	6/30/2002 3:14:35 PM
From: mishedlo	Read Replies (3) \| Respond to of 99280

Has the media really turned bearish or is it just the scandals being reported that make it seem so. Do you see articles suggesting selling stocks, not buying stocks etc? I have seen more articles about Naz 1000 but how many of these are seen my mainstream america? Abbey Conehead is still touting stocks (she will NEVER change, she can not change after this time and will 100% ride S&P predictions down another 50% if have to). The media is probably stupid enough to give herer credit for "staying the course" when she eventually gets the bottom correct. Briggs is calling for a rally. CNBC has not thrown in the towel yet. I have meixed feeling about this. Bearish sentiment seems to be picking up, but has not reached a stage where it matters. I look at options as a guide as well. In spite of beraish sentiment, if it does exists at all), I see tons of call buying. Such complacancy has been punished in the past. Will it be different this time? Who knows. I am preaching caution to pigs on both sides of the fence. M

To: LTK007 who wrote (88629)	6/30/2002 3:20:35 PM
From: SOROS	Read Replies (2) \| Respond to of 99280

Exactly. Talk to people that are not on SI. Almost 100% are still fully invested in stocks/mutual funds. Almost 100% still defer all their money to their 401(K) and other retirement plans and right into the same mutual funds. Almost 100% still believe, "for the long haul", "always come back", "where else can you make money?", "I believe in the market", etc. Almost 100% are still in the "where can I put my money to make the most" rather than "where can I put my money to preserve it" mode -- or put another way, almost 100% are still in a "bull market" frame of mind and not a "bear market" frame of mind. I'd say almost 100% DO NOT expect the Nasdaq to break 1375 or the Dow to break 8000 or the S&P to break 944. I'd say almost 100% believe that the Sept. lows were the start of another bull market. I'd also say that almost 100% of Americans are Sheep -- almost 100% are clueless -- almost 100% have lifestyles way above where they should be -- almost 100% are in debt -- almost 100% think real estate cannot crash -- almost 100% either like CNBC or can't even tell you where the stock market is on any given day (that is, they know nothing, or they swallow anything wallstreet tells them). I'd say almost 100% are in for a rude awakening. Continue to watch as debt get defaulted on at the highest levels and quickly spreads to the lowest levels as well. People will be wishing for a recession before this has run its course. Higher basic needs prices (oil, gas, electricity, etc.) coupled with lower unnecessary needs prices (electronics, software, etc.) are coming. Since the American economy has "transitioned" to the unnecessary needs category, people will get the worst of both worlds -- investments go down, companies default on debt and lay off workers, people have less money but have to pay more for what they really need. Bad Mojo. I remain, SOROS