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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Paul Senior who wrote (32760)	11/13/2008 8:45:14 PM
From: Spekulatius	Respond to of 78666

The market scares the hell out of me. I can understand that Grommit went defensive. I share his concern about and economic meltdown, where the economies just spiral downward. I think it is a real possibility - this innuendo of bad news seems too much to take. I do not blame government too much at this point. I think most of the people are just plain scared. I sure am. And psychology can shut down the economy, especially since this is now a world wide confidence crisis. While I do not blame government I think Paulson could do better. He does not inspire confidence, which at this point is more important than financial engineering. We need a different kind of person in this position that can inspire confidence in people. I am going so sell slowly into this rally and look for bombed out plays with balance sheet that ensure survival or defensive plays. I do not think it's the time to do lottery tickets yet since I believe too many of those tickets won't make it. Besides, in a way most stocks have become lottery tickets - large caps moving around more than 10% a day certainly feel that way.