|
PureBytes Links
Trading Reference Links
|
Greenspan warned them a year before the top and everyone laughed. The
greater fool theory was going in full force. Even the government wanted to
put social security in the market for a better return. Then talk about the
elderly living under bridges would be the next headline.
----- Original Message -----
From: "Jim Johnson" <jejohn@xxxxxxxxxxx>
To: "Ray Raffurty" <realtraders@xxxxxxxxxxxxxxx>
Sent: Thursday, August 01, 2002 8:39 AM
Subject: Re[2]: [RT] bear market stats
> Hello Ray,
>
> I agree with you completely. Our victim culture has permeated every
> nook and cranny. And the politicians consider the market decline
> manna from heaven--they can help the po' folk who have been screwed by
> the fat cats. the news/op ed coverage of this has been awful. No one
> is reminding the viewer that we had the largest bubble in history and
> buying into it after '95 held great risk. Greed kills!
>
>
> Best regards,
> Jim Johnson mailto:jejohn@xxxxxxxxxxx
>
> --
> Thursday, August 1, 2002, 11:30:21 AM, you wrote:
>
> RR> Recently the Democrats have been harping on the 7.7 trillion loss in
market cap. This shows a total lack of understanding on how markets work.
>
> RR> If a person is stupid enough to by stock in Dr. Coop.com (fill in your
favorite dead stock) at $80 they deserve to drive a Dodge Omni with 100,000
miles (they probably paid 2995.00 for that too).
>
> RR> The point is that the 7.7 trillion dollars did not disappear, it just
changed hands. The uninformed and greedy sucker ALWAYS gets clipped. CNBC
just ran a report about a couple that lost 75% of
> RR> their account in JDSU. Their kid wants to go to Duke University, so
they are moving, riding the subway, etc. He was man enough to admit it was
his fault, but fell short of admitting it was
> RR> GREED, pure and simple, that made him buy an over priced stock and
IGNORANCE that prevented him from protecting his position with options or
even stops. The person(s) who sold him JDSU at the
> RR> top are driving the Porsche because they recognized that the market
could not go parabolic for long.
>
> RR> If there is a case of fraud, a stock holder would have a legitimate
complaint and new laws may address some of this by returning ill gotten
grains to investors (if the feds can find the assets).
> RR> However in most cases this is not applicable. The vast majority of
losses are caused by GREED coupled with IGNORANCE. Now the great masses are
crying to their congress man "They never told me I
> RR> could lose".
>
> RR> Good luck and good trading,
>
> RR> Ray Raffurty
>
> RR> ----- Original Message -----
> RR> From: SLAWEKP@xxxxxxx
> RR> To: REALTRADERS@xxxxxxxxxxxxxxx
> RR> Sent: Thursday, August 01, 2002 6:03 AM
> RR> Subject: [RT] bear market stats
>
>
>
>
> RR> Yahoo! Groups Sponsor
> RR> ADVERTISEMENT
>
>
>
> RR> To unsubscribe from this group, send an email to:
> RR> realtraders-unsubscribe@xxxxxxxxxxxxxxx
>
>
>
> RR> Your use of Yahoo! Groups is subject to the Yahoo! Terms of Service.
>
>
>
>
RR> ------------------------------------------------------------------------
------
>
>
>
>
> 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/
>
>
------------------------ Yahoo! Groups Sponsor ---------------------~-->
Discover Remote PC Acess Now
http://us.click.yahoo.com/p5uw2C/1ncEAA/Ey.GAA/zMEolB/TM
---------------------------------------------------------------------~->
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/
|