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Strategies & Market Trends : P&S and STO Death Blow's -- Ignore unavailable to you. Want to Upgrade?


To: Lone Ranger who wrote (14530)11/11/2002 8:21:13 AM
From: Win-Lose-Draw  Respond to of 30712
 
crash means different things to different people. if we get to jeff's comp 700, that's almost a 50% drop from where we are. to me it doesn't matter if it takes one day or three months, if we get there, we've "crashed", either timeframe will look insignificant looking back 20 years from now.



To: Lone Ranger who wrote (14530)11/11/2002 9:25:21 AM
From: DebtBomb  Respond to of 30712
 
we already did crash, and are still crashing

it just hasn't been addressed or acknowledged yet, and the ramifications have been ignored

it's all just profit taking, ggggg



To: Lone Ranger who wrote (14530)11/11/2002 11:41:56 AM
From: Alan Bell  Read Replies (1) | Respond to of 30712
 
LR, re: I've been waiting for major capitulation in this market to no avail.

It may be premature to write off capitulation. One has to wonder if investors will stay in on the next decline. Already, we have been seeing some talking heads being not completely bullish. On Sunday, there was an article in the SJ Mercury titled "Workers may be losing faith in 401(k)s." It goes on to say " So, far people saving for retirement through 401(k) plans have done what experts hoped they'd do in face of a prolonged bear market: They've held onto their stocks and continued to save.
"But there is troubling evidence that American workers may be losing their resolve while watching their retirement dreams evaporate..."

Whether this article is correct or not, articles like this could fuel a self-fulfilling circle of lack of confidence in the market.