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Strategies & Market Trends : The Stock Market Bubble
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To: Tommaso who wrote (2850)8/15/1999 7:45:00 PM
From: The Ox  Read Replies (1) of 3339
 
If we really think of the worst that can happen (where the stock market is
concerned), being fully invested at the onset of the next crash has got to be
at the top of the list. In October 1987 on an intraday basis the Dow dropped
30% in just two days. By today's standards that would be a drop of over 3300
Dow points. I'm not ready for that, are you?

With the market at current levels of overvaluation, I really don't think we
can exercise an excess of caution. There are the starry-eyed masses who think
they can't lose by staying fully invested until they are rich, but there are
those of us who know we are playing in a very dangerous market and are betting
on the fact that we will be able to get out on time. If you are one of those,
pay close attention to the LT Model. If it does switch to a SELL, you may only
have one day to get out. Maybe more, but don't dare count on it. And, as I
have said before, there may not be that much room to spare.

decisionpoint.com
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