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Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?


To: KHS who wrote (19847)9/2/1998 10:16:00 PM
From: Jerry Olson  Respond to of 50167
 
KHS

don't be scared, be safe...

we can do nothing about what others do in this market...

you must trade/invest based on your own level of pain, and investment dollars...what ever your risks are, make the markets work for you...

forget the noise, and just stand aside....

talk to you in the morning....



To: KHS who wrote (19847)9/2/1998 11:30:00 PM
From: Andeveron  Read Replies (1) | Respond to of 50167
 
>> This industry is too smart to shoot themselves. <<

No industry wants to cause fear among their customers. Saw a lot of upgrades, recommendations and coverage initiated today. Damage control will be at a maximum over the next couple of days and weeks as gurus seek to soothe investor fears and confusion. That is their mission in uncertain times.

Popular media helps to calm sentiment by presenting the face of the retail investor as one that is holding long. Anecdotes about Buffett and whimsy about how holding stocks long will always generate sizable gains, based on historical data.

Today, the speculative excess was still apparent in the market as bidders wafted AMZN up and down within a trading range of 15 points. Froth is still churning and will be entrenched until a bear market finally takes hold. Expect more reiterations from Abby and Acampora, in their respective, divergent camps.