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To: stockman_scott who wrote (8748)	8/15/2002 12:24:26 AM
From: pbull	Read Replies (1) \| Respond to of 13815

"A rally is likely for a few weeks and then some remnant of today's bad news is likely to rear its ugly head and send the market lower one last time." With all due respect, the people who write this nonsense are clueless. What he's saying, in other words, is that stocks go up unless they go down, but if they go down, they'll go up forever after that. Take a look at a long-term chart of NAV, and tell me why it went up 600 percent from '97 to '99. Please, I'm not being personal here, I'm just trying to make a point about the casino-like nature of this market. Thanks in advance. PB

To: stockman_scott who wrote (8748)	8/15/2002 11:06:20 AM
From: Sig	Read Replies (1) \| Respond to of 13815

<<Market history may suggest bottom >> Nothing in history is comparable to the last 6 years of this market If you took all the assets in the 5 largest mutual funds and put them into NT stock, it would not bring even that one tech pig back to life (highest market cap) , nor Csco either. Automatic savings plans like 401 gave the brokers free access to citizens money and they went ape, could not lose - just buy anything.IPO's sheeeesh. Worry, worry worry. IMO we have to learn to make money with this market the way it is today. Maybe it is the bottom, but the bottom of what? . If the Nas recovers to 2000 then which way does it go? So maybe one has doubled his assets and has 500k in equities Thats nice but it does not change risk one bit because then we would be looking for the peak and asking when to sell out. Much better to concentrate on individual stocks or just trade- than to bet on a market direction But the &*^% guesswork has to continue because one prefer to buy when market is moving up. Sig