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To: Lizzie Tudor who wrote (69378)	12/30/2005 1:12:44 AM
From: David Bogdanoff	Respond to of 77397

Lizzie; would you please elaborate why this is such a bad market and how Joe Public is basically short? I don't see much similarity between current economics and those of the 70's, although the flat market of today bears at least a superficial similarity with that of the late 60s-70s. Bogtalk

To: Lizzie Tudor who wrote (69378)	12/30/2005 8:23:33 AM
From: JakeStraw	Read Replies (1) \| Respond to of 77397

It's a selective stock-pickers' market. Not a throw a dart at the stock quotes page in the Wall St. Journal or buy anything connected with the internet market. Lots of people made some good money in the market this year...

To: Lizzie Tudor who wrote (69378)	12/30/2005 8:24:08 AM
From: RetiredNow	Read Replies (2) \| Respond to of 77397

Hi Lizzie, thx for the info. I guess I haven't been feeling it as much as these numbers say. I was up 28.5% in 2003, 10.5% in 2005, and am up 9.3% this year. So you say it was like the 70's, but I'm not seeing it. If your portfolio is well-diversified, then some areas like small caps, REITs, utilities, energy, and bonds for that matter, have more than made up for the lackluster large cap stock performance. Now if you have been mostly concentrated in tech stocks or large caps for the last 5 years, then I can see how this market must look horrible for you. I've been investing for 25 years now, and I can tell you from the school of hard knocks, that diversification is so critical. I lost money in 2001 and 2002 like everyone else, in large part because I allowed myself to get overweight in large caps and tech, but I fixed that at the end of 2002 and have been pretty darn happy with my returns since then. So why do you say this is like the 70's? What areas are you mostly invested in that makes it feel like that?