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Strategies & Market Trends : The Thread Formerly Known as No Rest For The Wicked -- Ignore unavailable to you. Want to Upgrade?

To: backman who wrote (14077)	2/20/1999 10:20:00 AM
From: Junkyardawg	Read Replies (1) \| Respond to of 90042

david I don't mean to disagree but.... I keep hearing everyone say correction and it never comes. They keep saying tomorrow will be the day everyone realizes the stock market is overvalued. In my opinion today's market is much different than any market we have had in our history. I don't see a small correction at all. Today's market is open to all the simple working man and women. People such as myself. All over the world people are trading in the market that just a few years ago did not even know what a correction was. Now more than ever we have daytraders. A stock that just a few years ago that would not even be trading is traded and played with my millions of daytraders. Heck if you have $25,000 you can go to a daytrading firm and buy and sell an unlimited amount of stock each day. Can you imagine a guy/gal that makes $35,000 a year and they buy and sell over 5 million dollars of stock each day!!! It is a totally different market. So in my opinion I don't think we will see a small correction. I think we will see a full blown crash of over 25% or more in a 1 or 2 day period. It will be a full panic. Of course I have no idea when this will happen if ever but that is my humble opinion. :-)dawg