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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: Elroy Jetson who wrote (53990)10/5/2004 2:27:55 AM
From: Taikun  Read Replies (1) | Respond to of 74559
 
Elroy,

I agree. I'm not talking about 'blame'. The market began a secular decline in 2000, way before 9/11.

I'm talking about the way some people buy OTM puts on the indexes and then greedily wish there were an attack so they can make money.

David



To: Elroy Jetson who wrote (53990)10/5/2004 8:01:08 PM
From: Stoctrash  Respond to of 74559
 
<<I've heard from him. I'm sure a psychologist could explain this - I can't>>

Elroy it's all pretty simple: Denial + Blame = Greed.
Denial that he F'd up, so Blame someone else.
There are thousands of people around the country just like him.
This type of action - reaction is normal.


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