Russian Crisis - Is it a buying opportunity? Message Board

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Strategies & Market Trends : Russian Crisis - Is it a buying opportunity?

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To: marginmike who wrote (54)	8/30/1998 11:18:00 PM
From: Jeffrey L. Henken	of 175

We seem to have a few investors here almost entirely in cash. Mutual fund advisors and most analysts are quick to point out that those who attempt a market timing strategy as opposed to a buy and hold strategy will limit their gains. However it's also true that markets go down much faster than they generally rise. Thursday's action was a perfect example of sell off dynamics. Fear over powered many long term rational investors who simply capitulated and sold. Is this really a bear market? Fear was so strong that even long term winners like CPQ and CSCO are no longer consider buys on a technical basis. I like these stocks a lot if we get a rebound however because they have earned their leadership positions. The worst may be over. I hope the U.S. market doesn't have to wait for overseas markets to recover before it begins another ascent. Regards, Jeff

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