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To: wanna_bmw who wrote (167259)	7/1/2002 4:51:10 PM
From: Jim McMannis	Respond to of 186894

RE:"Situations where the market is unnecessarily pessimistic (despite good news) have traditionally been good times to buy, haven't they?" Yes...all the way down from 5000 in the NASDAQ... Jim

To: wanna_bmw who wrote (167259)	7/1/2002 4:57:14 PM
From: GVTucker	Read Replies (1) \| Respond to of 186894

wanna bmw, RE: Situations where the market is unnecessarily pessimistic (despite good news) have traditionally been good times to buy, haven't they? In general, when the market is "unnecessarily" pessimistic, it is discounting bad news to come. Right now, that bad news is the second leg of the double dip recession. Whether that comes to pass is up to debate. Markets usually bottom out when the pessimism is for very real reasons.

To: wanna_bmw who wrote (167259)	7/1/2002 5:13:56 PM
From: BelowTheCrowd	Respond to of 186894

Unfortunately, it's usually not possible to know whether the pessimism is "unrealistic" except in hindsight. Those few people who are smart or lucky enough to accurately identify "unrealistic" pessimism generally do phenomenally well. Many more lose their shirts shopping for a bottom that is still a long ways away, as anybody who has been buying the dips since Nasdaq 5000 can tell you. mg