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I agree with this and have also noticed that other lists are equally quiet.
Sometimes, we can't make big money on wide market swings and have to settle
for a couple of hundred here and a couple there on small moves and add up
the tally at the end of the day. It isn't glamorous but $400 a day is
$100K per year .... it adds up. The lists seem most intense when most are
in agreement and as the mail below stated, most on this list seemed to
expect a rather major correction or continued bear market and it didn't
happen If I'm right about no major market moves prior to the election,
the list may remain quiet for several more months.
Bob
At 01:32 PM 3/2/2004 +0000, you wrote:
>I'd like to offer my observations on this question.
>
>First of all, I think that the slowdown is a reflection of larger
>forces at work. A number of lists that I have joined or monitored
>show the same phenomenon: a steady decline in participation that has
>occurred over the past 12 months.
>
>My own view is that many of these lists were started in the throes of
>the last bear market in stocks that lasted from 2000 til 2003. A year
>ago the consensus of people on these lists was that the bearish trend
>of the previous 3 years would continue indefinitely.
>
>Since then two things have happened. First, the S&P has risen 50%
>from its lows, thereby confounding the consensus expectation. Second,
>market volatility has steadily declined. This is an entirely
>different environment from that which prevailed in 2000-2002.
>
>Over the years I have observed that the first reaction traders and
>investors have to being wrong about the direction of a big move is to
>withdraw into a kind of shell. Confronting the market on its own
>terms and adjusting their thinking to its new trend is just too
>painful. So they try to ingnore it by focusing on things other than
>investment and trading.
>
>That in a word is what I think is happening on RT and on many other
>lists.
>
>Carl
>
>
>
>
>Yahoo! Groups Links
>
>
>
>
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