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To: Sig who wrote (13212)7/28/2004 12:11:50 PM
From: im a survivor  Read Replies (1) | Respond to of 13815
 
The sad thing right now is although many stocks have been slammed, they probably are noplace close to reaching lows. I still think dow7k ( although the DOW seems to be holding up ok..still above 10k...but deceiving as the indexed stocks are holding up, but everything else getting killed) and naz 600 - 800 is very possible. Many naz stocks have been killed in 04, yet naz index is just now showing signs of coming down...but still above 1800.......so, if things continue to get bad, it could be really bad...I sure wish I had the balls to short...I hedge with options, but refuse to short. I'll bet the shorts, who have made a killing so far in 04, will get rich over the next 5 - 10 years, while longs will languish and eventually think that 2% Money Market all of a sudden doesn't look too bad <g>