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Strategies & Market Trends : Take the Money and Run -- Ignore unavailable to you. Want to Upgrade?


To: gypsees who wrote (11882)7/31/2002 3:37:59 PM
From: Jorj X Mckie  Read Replies (1) | Respond to of 17639
 
well, that would be the prudent thing, I guess.

However, where people object to carnage, I think that the carnage days have the effect of creating the kind of fear needed so that retail investors get smart about their money. The slow bleed is what is killing everyone's life savings.

If you remember the movie "Saving Private Ryan", Tom Hanks' character explains how he is able to send one guy off on a mission who will likely get killed, but that it will likely save 100 lives. Same thing with the carnage in the market scenario. Yes, people will get hurt in an uncontrolled drop, but so many more will be saved from the slow bleed that suckers them into putting more and more money into the market.