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To: ccryder who wrote (4432)8/31/1998 9:08:00 PM
From: JGoren  Read Replies (1) | Respond to of 10852
 
Is the G* launch still on for Tuesday?



To: ccryder who wrote (4432)8/31/1998 11:26:00 PM
From: Geoff  Read Replies (3) | Respond to of 10852
 
Well, I don't agree with the Dow 5000 predictions, nor do I think that any of this is important. I've had an enlightenment of sorts, through that little story about those two Mark McGwire rookie cards I forgot I bought back in 1988. Turns out, that 12 years after he entered MLB, that his rookie card, then $20, is now being sold for $2000+!

The point? If you buy quality with sound fundamental strength, you should put it away and forget about. The problem is that today the tremendous amount of info we investors can get: real-time quotes, breaking news, market analysts/"gurus" 24/7 on CNBC, etc. are turning us into morons. Think about it. We are all concerned with "what's going to happen at tomorrow's open?" WHO CARES?!? The panic has been greatly fostered by CNBC, CNNfn, etc claiming "Traders had wary looks on their faces." What the hell kind of journalism is that? Then market analysts are saying "get out now"... I mean, come on. Ever think that in the era of dropping trading commissions that these so-called "gurus" encourage trading. Their firms do need to make money, and now volume of trades is the key to $$$.

Sorry to vent, but I have to agree with the likes of Readware et al. "The fundamentals are as good as they were, better even..." This market will probably roar back in a week, when summer break is over. Stocks that were "attractive" before, must look like downright steals. Like everyone says, "if you liked it at (higher) price, then you should love it at (lower) price".

As soon as I see a lull, I am dumping the rest in, then I won't buy a single share of stock, a single option contract, or drop a penny into the Mutual Fund for at least a year. I want to put the money in, and other than my DRIPs, forget about them.

Unforunately that may lead to my cutting back drastically on visiting message boards. Only problem, I like to discuss my investments, its just that since I ain't cashing in for 30 years, I don't care what the market will do at the open, on Wed, next week, next month or during the afterhours trading.

Pissed off at everyone, and long as ever!

geoff