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

To: lifeisgood who wrote (88699)	6/30/2002 11:34:21 PM
From: samim anbarcioglu	Read Replies (1) \| Respond to of 99280

lifeisgood: Thanks for the response, you said: <<When everyone (I will use the term "everyone" loosely for arguments sake)is bullish, they have presumably already invested their available money. Who then has money to drive stocks higher? No one. >> But right now it is reported that there is lots and lots and money on the sidelines, presumably already sold out some time ago, and can weigh in either on the buy side or sell side. <<"I have to go on margin so I don't miss the next money train" mentality pervade, >> Having been burned badly the last two years, the buyers are not that eager to go on margin, at least not as much as the sellers IMO. << "dumb money" will usually capitulate and sell at the bottom) and to create prices at which stocks again become values.>> This assumes that the previous bullish buyers will now beecome the sellers, and the bears will be buying the shares from them at a discount. But it appears that all the big selling has been done over the last two years, and right now it is just back and forth trading with a lot of money on the sidelines. <<because greed and fear are timeless human attributes, this is the way the market has always been >> Agreed, but it works both ways, doesn't it? the sellers (bears) can be blinded by greed too. In fact, I see that it is happenning right now. I believe I am seeing among the bears exactly the mirror image of the bullish sentiment that prevailed during 1999. Regards, Sam A.