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Strategies & Market Trends : Win Lose or Draw : Be A Steve, Make A Call -- Ignore unavailable to you. Want to Upgrade?

To: Softechie who wrote (3618)	2/24/2003 2:01:02 PM
From: westpacific	Respond to of 11447

This is my thoughts to a 'T' ------ "Similarly, the market has been topping out for several years, but any event might be the blasting cap that triggers a landslide," Dines says in his latest report. Or an up-slide. Dines, author of the 1996 financial book "Mass Psychology," is always on the prowl for a tipping of the scales. That's the point on America's emotion-meter when investors flock to -- or away -- from stocks, gold, bonds, the dollar. The UBS poll just may give him some mass-psychology ammunition. The stock market's worst enemy is a perceived threat, one with unknown consequences to life, limb and pursuit of profits. On the worry meter, 37 percent of the 1,000 American investors polled say a war with Iraq presents a major threat to the global economy. Other top worries include a prolonged economic downturn and a terrorist attack, each mentioned by 22 percent. The falling dollar and a conflict with North Korea also had some biting their nails. Dines, in a late January alert to investors, was sure the stock market was "oversold" and primed for a psyche-lifting rally. The rally did not materialize, and that has even Dines, a market timer whose hits outnumber his strikeouts, worried