Question for bears and comment to DlphcOracl. DlphcOracl, you misunderstood my post. I used to own all of those stocks. I have long since, dumped them, and will continue to take the tax losses for a while. In the post that you were responding to, I said, "a while ago", because I was reminiscing and not concerned about the time frame from then until now. I only trade 1 stock at a time now. I will admit that I still have trouble taking gains each day that my stock gets a rally, because I think that the day trading and short selling is undermines these markets and any attempt at a serious rally.
Here's the question for the bears,
I have received quite a few responses disagreeing with my idea that the stock markets should stop going down. Why is that such a bad idea? Really. It seems to me like so many people do not want these declines to stop? I know that a small group of posters does not consist of everyone, but why do I always get such pessimistic or bearish posts? Again I ask what would be so bad if the markets stopped going down right here. I mean what's wrong with the decline of July 24, 2002 being the bottom. I'm not saying this because I'm currently under water with my one stock and I don't really want the same old advice (no offense to all of the great advice so far). I just want to know who would get hurt if the 24th was the ultimate bottom.
If you respond to that question could you also tell me if you would like it to be the bottom and what you think the trading range for the Dow and the Nasdaq should be in the next 2 years? Thank you for the responses in advance.
AI
