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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA -- Ignore unavailable to you. Want to Upgrade?

To: macavity who wrote (14058)	8/5/2002 2:28:00 AM
From: CYBERKEN	Read Replies (2) \| Respond to of 19219

I think the reason for the differences, and the reason that your post is, essentially, trite, is that, to a long-term investor, a bear market lasting for even longer than 3 years is nothing more than a new opportunity for the inevitable success of betting on America and its economy-whereas for stock traders and others with no sense of history or vision of the future (i.e., hung up on the current state of the markets and the drivel written and spoken about it) this is basically the end of life as we know it. Those who are negative and defeatist wallow in misery, even their own. Those are the short-sellers ("hedgers"), the day-traders, and the blind ones who have been yearning all along to believe that ALL private sector executives are crooked, and that only the ones selected by the "big conspiracy" are caught. Perhaps those who, up to a half-century ago, assumed that few citizens had the brains or character to invest directly in the stock market had a point, of sorts. But we aren't going back there, regardless. The American dream now includes equity ownership. The American tax system forces money into accounts that eventually must flow to equities. The American people want to own their employers and everybody else's. And bear markets-regardless of how many intermittent rallies they have, eventually end, and the market proceeds to punish the faithless (short-sellers) and the brainless (conspiracy-lovers) by moving their money away from them and into the hands of the next, forward-looking, generation of investors. Next to that, the chart flows, the bear market rallies, the entertaining arrests, and the hurried, poorly-written laws, mean absolutely nothing...