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Sunday, 03/25/2001 11:50:56 AM

Sunday, March 25, 2001 11:50:56 AM

Post# of 146
Market bottom getting closer! Hopefully!
This little article came from Vendit's board.

From a newsletter:

Wednesday's edition on "Where's The Bottom, Part II", stimulated more mail than we have ever received. For the most part members were supportive of our common sense approach to this very tough market. We believe investors are more knowledgeable than any time in history. For example, it used to take us one month and the use of several different information services to obtain the same information we can get with three clicks of the mouse at the Yahoo! quote site.

Despite the widespread gloom and doom so efficiently harvested by the main stream financial media, individual investors seem to recognize this NASDAQ blood bath spells opportunity for investors with courage and some historical perspective. Most seem anxious for a signal the bottom is in place, and everyone has their own idea of how to determine if that bottom has arrived. Nearly 100% of our mail was very positive on the long term future of the market.

Economists seem to be able to agree there will be signs of improvement by year's end. If they are correct, it is important to remember stocks trade today based on investor perception of where the company will be in six months. Therefore, the bottom might not be far off.

ProfitOften
muel


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