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If they're just getting started and the NAS is off 65%, when they are
finished, I'll take $15.00 per share to take a block of INTC off your hands.
I agree with you about the lack of fear but by the time fear takes the
hearts of the average, new, investor, the NAS will be in minus
territory! That is to say they have sat through -3400 points already and
those left are as sure their stocks will come back as they are sure their
children are the most handsome on the block. Ignorance is bliss .. you
can't fight it.
Good trading all ...
Bob
07:13 PM 3/19/2001 -0700, you wrote:
>Well, if you don't believe in TA, perhaps you believe in psychology ...
>there has not been nearly enough fear to make up for the years and thousands
>of points of greed. The virtuous circle of managed earnings and executive
>compensation has now been interrupted and they're just getting started
>wringing the crud out of the books, executive compensation, and options
>grants.
>
>Earl
>
>----- Original Message -----
>From: "BobsKC" <bobskc@xxxxxxxxxxxx>
>To: <realtraders@xxxxxxxxxxxxxxx>
>Sent: Monday, March 19, 2001 5:07 PM
>Subject: [RT] Tail wagging the dog?
>
>
> >
> > Most of those here know that I'm not a technician and don't put a lot of
> > stock in it. Even so, I have come to respect many members on this list
>for
> > the hard work they do and I have come to appreciate that when most of the
> > technicians agree on one thing, it is like to happen due to their belief,
> > if nothing else. I spent some time this weekend looking at the economy,
> > what large caps are saying and what the firms that supply them are
> > saying. My conclusion is basic.. I believe the tail is wagging the dog.
> >
> > Some have compared the current situation to the democratic inspired mess
>of
> > the Carter administration and it's 22% interest rates , freeze on wage
> > increases etc. The Reich mess. (I probably mispelled his name). Lets
>see
> > where we are. We have low interest rates and they are dropping. We have
> > nearly zero inflation. We have a business environment that is healthy but
> > dropping off the greatest growth cycle in our history. Why is it
> > dropping? What is the catalyst?
> >
> > In my opinion, it is the stock market. It's cutting 50-90% of a firms
> > market cap and the borrowing power and purchasing ability that goes with
> > that. Filter that down to the mid caps that supply them and the small
>caps
> > that supply the mid caps and you have a mess. Japanese banks aside, if
> > people begin to buy stocks again, I believe you'll see a magical recovery
> > in the economy. (Of course, the same is true for the end line consumer
> > once his/her savings/investments begin to recover as well).
> >
> > Last, I believe this event/bearmarket/correction was needed and needed
> > badly. Now, the bubble is burst. The pie in the sky throwing money at a
> > dartboard of equity names is over. The throwing money at any .com stock
> > that comes along is over. The market is returning to common sense and
> > while this scares many folks into a panic and predictions of disaster, one
> > needs to consider what is wrong with the market and if it's just the
>market
> > itself, once it turns, the economy will turn with it and the shorts will
>be
> > just like the fanatics were two years ago .. they won't believe it can
> > actually go back up and will get hammered.
> >
> > Anyway, I try not to post too often these days so I hope you'll tolerate
>my
> > ranting. :))
> >
> > Good investing to all .. be nimble
> >
> > Bob
> >
> >
> >
> > To unsubscribe from this group, send an email to:
> > realtraders-unsubscribe@xxxxxxxxxxxxxxx
> >
> >
> >
> > Your use of Yahoo! Groups is subject to http://docs.yahoo.com/info/terms/
> >
> >
> >
>
>
>
>To unsubscribe from this group, send an email to:
>realtraders-unsubscribe@xxxxxxxxxxxxxxx
>
>
>
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