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Politics : Formerly About Applied Materials
AMAT 146.60-1.1%10:10 AM EST

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To: Jacob Snyder who wrote (60683)2/24/2002 6:10:50 PM
From: Hawkmoon   of 70976
Almost by definition, the bottom in asset prices can't happen while any significant fraction of investors have any hope. Assets are ignored rather than hated, by investors.

Hmmm... I always figured that "bottoms" come when mass panic selling amongst speculators causes asset prices to be discounted to the point where value minded investors step in and purchase the assets.

When the speculators get shaken out, the REALLY smart money looks for value at prices that almost guarantee them a nifty return when the fear subsides.

After all, someone has to own the stock, right?

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