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Pastimes : The Justa & Lars Honors Bob Brinker Investment Club -- Ignore unavailable to you. Want to Upgrade?


To: wooden ships who wrote (574)8/31/1998 11:43:00 PM
From: Lars  Read Replies (1) | Respond to of 15132
 
Truman,

>>>
Lars, for what it's worth, I have heard today from a market denizen
that the selling has come primarily from "insiders and commercials,"
as he put it, not from mom and pop investors or corporations. This
is merely an opinion, but he has been a fairly good source of infor-
mation in times past. Again, for what it's worth.
>>>

I think this is right on. Who knows? Where I am at people are not selling even though they are shocked by the severity of this downturn. They are too busy saving for retirement and the standard reply is I wont get there earning 5%.

I guess the good news is that the bad news cant get much worse right now. Ha!