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Strategies & Market Trends : Heinz Blasnik- Views You Can Use -- Ignore unavailable to you. Want to Upgrade?

To: Win-Lose-Draw who wrote (1141)	5/12/2003 6:28:09 PM
From: Mike M2	Read Replies (1) \| Respond to of 4909

WLD, I would argue that the indices understate the damage done to the average investor. Many were overweigthed in tech and a bit late to the party. I happen to believe that we are in the midst of a secular bear market and it will takes years to recover from the excesses. It's not the end of the world - it just means people will have to save more ,spend less, work harder and lower their standard of living. I don't see fear - I see complacency. Mike

To: Win-Lose-Draw who wrote (1141)	5/12/2003 6:30:02 PM
From: Box-By-The-Riviera™	Read Replies (1) \| Respond to of 4909

I never let my plan get in front of what the market says. The market is always right. I'm sure you could get a decent conversation going on the mini topic of why or why not: this time it's different. and I'm sure you could spend weeks on it. always nice to have a good review. buying options for outlying events is certainly a higher risk approach to making money vs. just taking a bit here and there when the market hiccups. not much different probably shucking all the qtrs back into the slot machine just because you are sure there's a billion dollar jackpot inside. so what. none of my business. however, bear markets take from both sides. as r. russell says (probably his only quote worth remembering), the winner of the bear market is he who loses the least.

To: Win-Lose-Draw who wrote (1141)	5/12/2003 10:48:30 PM
From: EL KABONG!!!	Read Replies (2) \| Respond to of 4909

WLD, how many in here, when RTC was busy auctioning off what seemed like half of america, stood up and said "no problem, next decade, boom time"? Nope, we hunkered down, spent less, saved more but continued on the long term, buy and hold strategy, though we owned only 1 stock at the time (Intel). how many in here told all their friends and family "holy batman, we're f'ed!"? Nope, didn't do that either. We were much younger then, and our opinion on anything, let alone family finances didn't amount to a hill of beans as far as the rest of our friends and family were concerned. same question for the '87 crash. Same answer as above. We continued to hold onto the Intel stock. I think I remember that we cancelled a planned vacation back then, but I'm not sure if the change of plans was influenced by the October stock market or not... same question for the asian flu. russian default Totally unconcerned regarding both events... Didn't even get flu shots... LTCM? The event was over before we even understood the magnitude of it, or if there were any implications for us. We never had the chance to panic. (It's okay to panic, as long as we're the first to do so...) Still long Intel... KJC