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Strategies & Market Trends : Mr. Pink's Picks: selected event-driven value investments -- Ignore unavailable to you. Want to Upgrade?

To: Phil(bullrider) who wrote (3077)	9/18/1998 2:23:00 AM
From: Sword	Read Replies (1) \| Respond to of 18998

"I guess if most people believe that, and don't pull their money out of the "market", it won't crash." No, the market moves dramatically lower due to the selling pressure of only a small percentage of the total float. Events will transpire to drive the market down substantially by these other stock traders. Then when the 7,000 then 6,000 then 5,000 levels come one by one, fear will slowly grip the hearts of these types of investors and they will indeed sell off. When the Joe Q Public investors, who for the very first time in history comprise over 50% of the public, begin to sell based on this fear, I can only imagine what will happen to the financial trading markets. We have never before been witness to this kind of a precarious situation. Neither has my friend down the hall, neither has this pension fund manager. They will sell. And they will mourn their losses. -Sword