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Yahoo! Inc. Message Board

  • cruisetillthetiresfalloff cruisetillthetiresfalloff Oct 10, 2000 9:00 PM Flag

    Someone once said a correction

    is like getting thrown into the deep end of a
    pool and having to swim...a BEAR market is like
    getting thrown off a cliff and trying to fly. Investors
    in the high fliers, especially those on margin are
    going to realize very soon that not only can stocks get
    overvalued by a lot and stay there for long periods..they
    can also go deeply undervalued and stay there a long
    time. When people decide they want out the mechanism to
    sell is easy..a couple clicks or a quick call to an
    800 number and you can request hundreds of thousands
    of dollars in stock be sold NOW. Think how easy it
    is to sell stock. Lots of investors are do-it-your-
    selfers that won't have brokers trying to calm them down
    when the panic button hits. It's tough to get out when
    there is only one door and there's a long line ahead of
    you. I'm building lots of cash to buy S&P and NAZ but
    at much lower levels.

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42.17-0.21(-0.50%)Oct 21 4:00 PMEDT