Has the fear turned to panic yet!

[robo]

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I wrote a email to Donald Luskin andasked him about thissell off in the market. He responsed, " I'm waiting for the fear in the air to turn into downright panic, and then I'm going to back up the truck. In my opion we're close." I hope he's correct......

He also said, "Nothing to Fear but Fear itself, yet investors are afraid to buy. The stench of fear is in the air. His valuation model shows stocks almost as cheap as they've been in the last 20 years. They've only been cheaper twice: at the panic bottoms in October 2002 and March 2003." I'm staying the course and hoping the bottom is near!!!!!!!!!!!!!

 

[repleh]

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I've Made My Last Online Trade
class=text(Commentary) Yes, America. While the rest of you dropped your infatuation with Internet stock trading when the tech bubble burst in the early 2000s and the market returned to normal, I stayed in the game. This check's arrival meant that I was now out of it.
Apr 20, 2005, 10:56

http://www.investing-news.com/artman/publish/article_762.shtml


Seems apropo about now

-rep

 

[CSI]

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I've already got the truck backed up with the tail gate down, but before I can load it up with the green stuff I'll have to unload the pile of cow manure that has accumulated. Searching for the light at the end of the tunnel.

 

[robo]

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I agree CSI. I think it's going to be a small truck if we can't get a new support level soon. One of the news letters I get recommended to buy the S&P last month if it went under 1120... I remeber laughing to myself and saying nooooooo-waaaaaaay. I'm not laughing anymore. I subscribeto 3 different news letters to get a better insight on the market, but two of them missedbadly on the 1163 support level. I hope today was support, I sure don't want to test 1100. Some of taking heads on CNBC thought today had enough volume to call it a bottom. I hope!!!! Staying the course...C=50% S=25% I=25%Currently down2% for the year,after having a nice first quarter..... goneeeeeeeeeeeeeeeeeee!!!!!!!!!!!!!

 

[macdtrader]

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Check out BPRIX, a mutual fund which performs well in bear markets. Unfortunately, TSP has nobear market fund.GFund seems to be thebestplace to preserve your capital in a bear market.

 

[tsptalk]

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robo wrote:

I wrote a email to Donald Luskin andasked him about thissell off in the market. He responsed, " I'm waiting for the fear in the air to turn into downright panic, and then I'm going to back up the truck. In my opion we're close." I hope he's correct......

He also said, "Nothing to Fear but Fear itself, yet investors are afraid to buy. The stench of fear is in the air. His valuation model shows stocks almost as cheap as they've been in the last 20 years. They've only been cheaper twice: at the panic bottoms in October 2002 and March 2003." I'm staying the course and hoping the bottom is near!!!!!!!!!!!!!

I agree with Luskin as you probably know. But it could be our cavalier attitude that keeps the market from bottoming. Maybe I need to panic. :shock: <--- There! It's official. I'm panicing. Time to buy.

 

[Spaf]

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tsptalk wrote:

I agree with Luskin as you probably know. But it could be our cavalier attitude that keeps the market from bottoming. Maybe I need to panic. :shock: <--- There! It's official. I'm panicing. Time to buy.

Na! No buy just holding, till I clean my boots. Boy that stuff stinks!

 

[robo]

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tsptalk wrote:

robo wrote:

I wrote a email to Donald Luskin andasked him about thissell off in the market. He responsed, " I'm waiting for the fear in the air to turn into downright panic, and then I'm going to back up the truck. In my opion we're close." I hope he's correct......

He also said, "Nothing to Fear but Fear itself, yet investors are afraid to buy. The stench of fear is in the air. His valuation model shows stocks almost as cheap as they've been in the last 20 years. They've only been cheaper twice: at the panic bottoms in October 2002 and March 2003." I'm staying the course and hoping the bottom is near!!!!!!!!!!!!!

I agree with Luskin as you probably know. But it could be our cavalier attitude that keeps the market from bottoming. Maybe I need to panic. :shock: <--- There! It's official. I'm panicing. Time to buy.

Has today's rally vindicated Donald Luskin? I sure hope so. Read his latest article.

http://moneycentral.msn.com/content/Stratlabs/Round11/P115771.asp