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To: Techplayer who wrote (1923)	9/20/2002 1:40:08 AM
From: Techplayer	Respond to of 57110

This is terrible...out in LA.. cnn.com

To: Techplayer who wrote (1923)	9/20/2002 1:46:14 AM
From: Jorj X Mckie	Respond to of 57110

Still a lot of people who haven't capitulated.

To: Techplayer who wrote (1923)	9/20/2002 2:26:49 AM
From: Libbyt	Read Replies (1) \| Respond to of 57110

Despite the growing masses calling for a significant decline....people just sitting on their 401ks and long term holds IMO that is probably the case for many people, and the "capitulation" that is called for by many most likely won't show up in the "ususal" manner. For some capitulation might have already occurred in their choice to not invest in their 401K plans...or to invest a limited amount compared to what they might be allowed to invest. One of my guys has EMC at 28 while a peer has 5 digit shares of LU and has held them for over 3.5 years! (you read that right...) IMO many people don't actively follow the stock market, and they don't actively monitor their portfolios in various accounts. They are busy with their everyday lives, and their 401K plan or their IRAs are the least of their concerns. For the younger employee, a retirement account must seem like something in the distant future, and something that isn't on the immediate "worry list". There are also investors who IMO will never capitulate....the money they have invested is something they've held for years or an entire lifetime.... they've seen up and down market cycles and maybe the money invested is not part of the money they need for living expenses. My guess is that at some point these people will throw in the towel and then perhaps we will all be right. Maybe most of the average investors will "throw in the towel" by selling current positions or not investing in their IRA accounts...but IMO some investors will never throw in the towel.