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To: Sam Citron who wrote (8327)3/11/2004 4:28:24 PM
From: BWAC  Respond to of 13403
 
<nobody ever complains when the market is bid up to unsustainable levels> No?

<The market is doing what it is supposed to do.> Really?

<The ST is always about psychology.> Seems to be accurate.

<Big LT investors like Buffett and Templeton have been sounding warning bells for some time that there was a lot of risk in the market and few good buying opportunities.> Of course. Wonder what one of the reasons is? Possibly the pyscho up and down minute flipping that must be profitable to everyone cause it sure is prevelant?

<The current correction is tailor-made to get the market to more attractive levels for LT investment.> I guess. Or its tailor made to move money from the individual investors pocket to the hedge fund's pocket and to the Bank of India trading profits account.

<this correction was a long time in coming.> Yep. And either its 5% worth according to the TV spouted count, or its the under reported 30% in certain underlying sectors.