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Date Posted: 14:05:31 04/13/00 Thu
Author: Patty
Subject: Re: How are the deep-sea divers faring today??
In reply to: Mark 's message, "How are the deep-sea divers faring today??" on 13:10:44 04/13/00 Thu

> Patty--think you did the smart thing until this mess
> gets sorted out. I think this little spell here will
> kill the 'buy-the-dips' mentality & put it to rest, at
> least until the market springs forth to life again,
> which might be months away still.
> As for me? I'm going to see what tomorrow brings in
> terms of the CPI (or is it the PPI? Can't tell
> anymore: my head's been in a haze these past few
> weeks).
> It's too bad we all live so far apart: we could
> probbaly have some nice chats around the never-ending
> bar of hard knocks and empty wallets.
> Speaking personally, I don't think Greenspam and
> friends have to worry about the "wealth effect"
> spilling over into the economy. I know for me it's
> dead and buried. Any consumptions plans I have put on
> hold are now buried.
> At least part time work should be plentiful, as the
> American powerhouse lumbers on, immune from all (yeah,
> right)...
> Sorry for the sarcasm if it offends, but it pretty
> well describes the funk I'm feeling at the moment.

Mark, you don't need to apologize for expressing your funk. I've done all that I can do to put myself in a position where I don't have to beat myself up every day because of this market. If you can do that at all, it will probably help. I'm keeping my ear to the ground and my money in my pocket until the dust settles and things are ready to move higher. Bearishness needs to be so thick that you can cut it and I believe it or not, I don't know if everyone feels that way yet. I'm a believer!! Every stock I owned went from 20's to below 5. That's bearish. Feel better.
Patty

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