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In a message dated 98-09-09 12:09:16 EDT, you write:
<< With the recent 20% loss in the Dow I was wondering if any group members
have a well thought out opinion about what % loss would start a real panic
sell off among stock investors? Most of those interviewed recently said
that they weren’t panicking yet.
Brent >>
most of the investors and public is already out
even the most conservative ones who follow fabians 200 day m/a are out of
market
the only people who are not out are the 401k and 403b and other retierment
type accounts who will hold to year 2010.
mutural funds houses have diffrent tapes to play for doffrent days
fidelity for example on the 500 point day played a tape urging investors not
to sell and stay the course but only expect 8% average.
which is the true ret 1900-1998.
one thing to keep in mind
if you bought the sp500 on 01/11/73 you had to hold it untill 02/13/80 to
JUST BREAK EVEN!!!
tnat is why mkt timing pays off
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