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Bearmove

02/23/03 10:13 AM

#79256 RE: Ace Hanlon #79254

>>>3) Very little money has left the market. In fact, there has been a substantial net addition to equity mutual funds since the major peak
was reached in March of 2000. We doubt that this will turn out to be the first bear market in history during which the public bought all
the way down and was therefore fully invested at the ultimate bottom. Reason no. 3) is, of course, directly related to reason no. 2). <<<<


Wrong.....Very few are fully invested here.
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mlsoft

02/23/03 3:35 PM

#79340 RE: Ace Hanlon #79254

George...

Thanks for the good post.

He is preaching to the choir and I obviously agree with all he says. That includes the possibility of a 50%+ drop in each of the indices.

mlsoft