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To: puborectalis who wrote (4311)2/8/2003 5:45:20 PM
From: Jacob Snyder  Respond to of 13403
 
Yes, I am hearing this sentiment widely. It is one of the big things that makes me more comfortable taking large short positions, and holding them even if the stocks go up for a while. Nobody believes in rallies anymore, which greatly helps make it self-fulfilling. Everyone has become a trader, selling into rallies.