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Strategies & Market Trends : Bob Brinker: Market Savant & Radio Host -- Ignore unavailable to you. Want to Upgrade?


To: Lizzie Tudor who wrote (19026)8/3/2003 2:12:15 PM
From: Lizzie Tudor  Respond to of 42834
 
more on sentiment, now THIS is what I see around me. All I can gauge is anecdotal evidence but in the 90s, pretty much EVERYONE was maxed out on stocks in 401Ks, stock purchase plans at work you name it, if you worked in, or had any affiliation with the tech industry. Now, we have a double whammy- first people don't like stocks and they aren't buying, plus a lot of jobs are gone and those folks were once putting a lot of their incomes into the mkt. On the bright side, the consolidation we have seen in tech (and tech stocks) is a 30 year occurance, and this time we have a looming growth driver (internet) which looks promising to say the least.

Back in 2000, when stocks were near their all-time peaks, the vast majority of people were true believers, with 76 percent "strongly agreeing" with the statement: "The stock market is the best investment for long-term holders." But that figure declined precipitously since then to just 39 percent this year.

biz.yahoo.com