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To: skinowski who wrote (52803)9/7/2002 11:00:29 PM
From: John Madarasz  Respond to of 209892
 
Wild swings in every direction...here's an interesting observation...

Stock prices fall away, little by little...then, in big lumps...as the smart money gets out. Over time, the I.Q. of the money left in the market gets lower and lower... until all that is left is the very dumb money.

...And then, finally, in the third stage, the dumbest money panics...


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