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Strategies & Market Trends : Classic TA Workplace -- Ignore unavailable to you. Want to Upgrade?

To: Shack who wrote (128601)	1/29/2006 12:09:03 PM
From: skinowski	Respond to of 209892

Maybe by then someone we know outside SI may actually be talking about the market.-vbg A few days ago had a conversation with friends, a married couple who have a considerable amount of money in the markets in their retirement accounts, managed by a "'professional" (with decent overall results, I must say). She is the one supervising the investment part of their life... the husband is sort of militantly anti-market. Has money invested, but refuses to think about it - he pays that other guy to worry about that. So, the wife was upset about that Friday's sell off, concerned that "everything they made this year" is about to evaporate. She said that from now on, every time she will see the account doing well, she'll insist on taking some money out of the market. Imo, this sort of thinking is bullish. But otoh, I think that if we see new highs, she will very quickly "learn" once again, that one "cannot time the markets". Either way, the stock market is an important thing in the life of that family... even though they may not talk about it very much. Of course, one bullish item is that I haven't heard for some time the mantra that stocks "always go up in the long run".... Another item still missing - which is is quite consistently predictive of a top - is that one (yet) doesn't feel uncomfortable saying bearish things in public. For a top to be in place, we must first see bears being dissed.... g/ng