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Strategies & Market Trends : Technology Stocks & Market Talk With Don Wolanchuk -- Ignore unavailable to you. Want to Upgrade?

To: Rich1 who wrote (8555)	5/2/2003 5:17:58 PM
From: da_cheif™	Read Replies (2) \| Respond to of 206824

15-10

To: Rich1 who wrote (8555)	5/2/2003 5:19:14 PM
From: da_cheif™	Read Replies (3) \| Respond to of 206824

gained 150 trillion in 13years ....btw...cant loose money unless its not urs in the first place...like margin...snort

To: Rich1 who wrote (8555)	5/2/2003 6:01:05 PM
From: Kirk ©	Read Replies (1) \| Respond to of 206824

I dont relish people losing money... It would be nice if pyramid schemes really did work. The market has lost over 7 trillion dollars inpast 3 years. Only an issue if you bought at the top. Otherwise it just hurts to see your pile of money get smaller. If you were not greedy, took profits as a good asset allocator should, didn't get too risky, etc. then you did OK. I do find interesting that they were sooooo sure we were going down this week.... Well, most left are the bears. Schwab tading revenue down something like 67%. People on the street losing jobs right and left... I heard there was a real fear the market would make one last purge and wipe many more jobs out... Market has shown that only a few day traders make money and time still might prove they are just the lucky ones that got 16 coin flips in a row right. Anaylsts were shown to be worthless. I knew that... but some think just because they wear a suit and work for GoldmanSucks rather than the GM Dealership that when they want to sell you something like a "used stock" they have your best interests at heart unlike the "used car" salesman whom they know just wants to sell them a car. Silly people. If the stocks were so good, then why would the insiders take them public and have to pay the investment banks $100M to issue glowing reports? Anyway, the bears looked like they were the majority as most that were too bullish were wiped out unless they are smart enough to react and preserve capital. I understand the chief being bullish and still wrong in the short term... i.e. we hit 7,500 on the DOW before we hit 16,000 after 2000... but corrections happen. hell, I am ALWAYS bullish because the market over the last 200 yrs points up. It doesn't mean you do stoopid stuff and take too much risk, but it does mean that your pile of money will go down in a big bear market and bears are part of the game. anyway, rant off... I hope all of us "bullish by nature" folks don't get too uppity as it will jinx the rally and we'll hve to rely on asset allocation again and I'd much prefer taking profits to buying dips... easier on the stomach. snort