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

To: Joseph Beltran who wrote (96703)	7/21/2002 3:50:28 PM
From: sylvester80	Respond to of 99280

If money is leaving, it ain't the smart money. It's the dumb one. The small investor. Once he is gone, the smart money will drive the market higher and make the small investor look like a fool, once again (I'm talking ST here). It happens every time. Most of the people that are selling now bought in during 1998-2000 or during the peak of the bubble. And they will be selling close to the bottom yet again (maybe not the ultimate bottom but this ST bottom never the less). History proves they are as dumb as they can be. Just look at the crash of 87 and what the small investor did by panicking. The smart money LOOOOOOVES capitulation. Because that's their signal to buy buy buy.... JMHO.