To: rohry; Tauzero; razorback-bert; Lazamataz
A negative bubble ??.... a black hole ?? ..... a collapsed star ??
"'The day you see the Dow go down 700 points with 2 billion shares sold, that's when it will be over,'' Schott said."
If the market's decline is being "managed" as is increasingly whispered in the financial press. capitulation may not be permitted and consequently the decline is exacerbated and prolonged.
10 posted on
06/28/2002 4:58:02 AM PDT by
Dukie
To: Dukie
I think the guy is a handwringer with that 700 point drop comment. And look how the market can account for the Worldcom announcement and not fall off. I do think that the decline is being managed in a very decentralized way and that's a good thing. A panic would only make a selloff worse.
To: Dukie
If the market's decline is being "managed" as is increasingly whispered in the financial press. capitulation may not be permitted and consequently the decline is exacerbated and prolonged. That is exactly what is happening, like a hole in the bottom of a bucket, slowly draining, unnoticed, until there isnt much left. I believe a far better indicator of when we have finally reached bottom will be pronounced silence. The market will once again be back-page news, CNBC will be on for an hour or two a day, instead of 24 hours, and mutual funds will have all gone the way of the dodo.
To: Dukie
The PPT boys have been working overtime lately. A long slow descent seems the plan, people might demand somebody goes to jail if the bottom drops out.
17 posted on
06/28/2002 5:59:11 AM PDT by
steve50
To: Dukie; rohry
Thanks for the ping.
Perhaps not coincidentally, and consistent with the piece, Bob Prechter recently spoke at a conference on market psychology sponsored by the Harvard medical school.
45 posted on
06/28/2002 8:14:26 AM PDT by
Tauzero
To: Dukie
Thanks, been in the field drilling a dry hole.
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