This column was originally published on RealMoney on Oct. 14 at 8:30 a.m. EDT. It's being republished as a bonus for TheStreet.com readers.
As Jim Cramer pointed out recently, the ongoing market slide has sparked a
bull market in negative email.
The cycle is usually the same.
At first, my correspondents are skeptical of any negative opinions.
Next, they move past skeptical to belligerent.
What follows then are a few expletive-ridden messages and the obligatory name-calling.
At that point, by the way, the doomsayers also weigh in, opining that we're on our way to Dow Zero, and at that point, the bottom is usually near.
As I've told many of my correspondents, I don't mind disagreements or differing sentiment. (Hey, at least they're reading!)
But I also urge them to try to remain objective. Your opinions will go down a little easier and you won't be written off as an immature, emotional investor.
In short, you'll show class.
Of course, this advice usually falls on deaf ears, and I suppose for that we can be thankful: It's these same people who usually lose money in the long run, to those who are objective and unbiased about the market.
Today, the Nasdaq,
And that is the final word from Oxford University, where speaking of class, it's a characteristic we always seem to admire in folks.
"Boy, he has class," we say.
Yet, while it seems an easy enough trait to achieve -- be kind, think of others, be generous, be positive -- how many truly classy people do you know?
Sadly, I'm betting the answer is not many.
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At the time of publication, Smith was long Intel and General Motors, although holdings can change at any time.
Gary B. Smith is a freelance writer who trades for his own account from his Maryland home using technical analysis. Under no circumstances does the information in this column represent a recommendation to buy or sell stocks.
Smith writes a daily technical analysis column for RealMoney.com and also produces a daily premium product for TheStreet.com called The Chartman's Top Stocks --
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