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All the bears have been shot in the latest rally.....they're dead.
Look at David Tice.....he's been humiliated shorting the nasdaq in his BEARX
fund.
Profunds short fund USPIX - down to 10% of original value.
John Neff, Robert Precter, etc. etc. Many more.
May they all RIP.
We MAY see them "RISE FROM THE DEAD" this fall AFTER the elections.
However...They'll have to trade on their credit cards as will all of their
followers.
> -----Original Message-----
> From: Kent Rollins [mailto:kentr@xxxxxxxxxxxxxx]
> Sent: Saturday, March 11, 2000 2:01 AM
> To: OmegaList
> Subject: Re: Unidentified subject!
>
>
> If you want to read some contemporary stories of everyman getting into the
> market, perma-bear Bill Fleckenstein usually has a story sent to
> him by his
> readers in his column.
> http://www.siliconinvestor.com/insight/contrarian/
>
> Here is the one from today's (Friday) column.
>
> Fleckenstein wrote:
> --------------------------------------
> In the mania chronicles... Here's one from an SI thread:
>
> "Broke down today and had to play again... Cracked out the credit card...
> put $100 into my Index Trade account.. turned it into $245 and pulled back
> the starting $100.. 145 percent today."
>
> The second note is from a thoughtful broker who came up with the term
> "brokers as bookies." This illuminates the extreme difficulty that
> responsible people are having, trying to do the right thing. I thought it
> was a good representation of a day in the life of a rational person in the
> mania.
>
> "I met a referral today and after the market closed and in my utter
> frustration laid it on the line. I said basically `you want me to tell you
> what you want to hear, buy tech, tech , tech, but I won't. We are in the
> midst of the greatest speculative bubble in history, which has rendered my
> services useless. Why would you need me to tell you to buy Janus
> 20 or some
> hot stock when your son, or brother or co-worker could do it for
> free? Talk
> about balance, diversification, value means nothing so why hire an advisor
> and pay him when logical analysis is no longer needed in the new era? Only
> when this bubble breaks will you see what I am talking about, so
> in essence
> I think you would be better off without me since most 10-year-olds could
> outperform anyone with 10 years of experience and get those expected
> 40-percent-a-week returns that seem to be so common.'
>
> "Needless to say, I didn't get the sale."
> --------------------------------------
>
> Kent
>
>
> -----Original Message-----
> From: Jimmy Snowden <jsnowden@xxxxxxxx>
> To: .Omega List <omega-list@xxxxxxxxxx>
> Date: Friday, March 10, 2000 10:21 AM
> Subject: Unidentified subject!
>
>
> It has been many years since I studied the activities leading up
> to the 1929
> crash, but I do remember the milkman, barber and construction
> worker all had
> lots to say about stocks. The stocks that became hot in the final year or
> so were much like our NASDAQ stocks and they soared beyond reason
> much more
> than the blue chips which were also flying high. Everyday I hear
> something
> from a person that normally wouldn't have an interest in the market. The
> fellow that replaced the air handler last week had a big tip for me.
> Perhaps when the really small cap stocks soar we will see the end of this
> bull. I don't follow those little companies so I would be
> interested in any
> views from those that do.
>
> I doubt that 1929 will be duplicated and the charts produced recently show
> that it isn't happening now. The market tends to no repeat the last crash
> but more an older crash. 1987 was not a crash as in the 1929 style but
> rather a very short panic without the devastation or deadly
> margin calls of
> 1929 or other major bear markets.
>
> Just my thoughts.
>
>
> Jimmy
>
>
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