Forum Archive Index - July 2002

["winner69 ." <wwinner69@hotmail.com>]

Mr Nua - we could always open up that old debate when is a gain (or a loss) 
a gain (or a loss). You obviously think only when you sell.

We shouldn't dismiss that question though.

The answer is one of the causes of the current acceleration in the decline 
of US markets.

Many US investors only got on the stockmarket bandwagon during 1997 and 
1998. They could do no wrong and became wealthy(ier)

Now the markets are back to the prices back in 1997/98. They have fallen to 
many investors entry point.

They are now facing real losses - ie real money that they put in the markets 
for the retirement.

Many see the only way out is to sell now - at least they still have the same 
amount of money they put in many years ago (even if they are less wealthy)

Intersting theory but capitulation (a nice emotive term dreamed up by CNBC 
etc) might yet come.





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