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Strategies & Market Trends : Value Investing

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To: Madharry who wrote (8530)10/5/1999 9:03:00 AM
From: jeffbas  Read Replies (1) of 78520
 
Which market is in a downtrend? There are lots of different markets out there and lots of different stocks. I don't pretend to have a clue
as to what "the market" is going to do. As far as I am concerned the following chart may indicate that the Russell stocks are about to start a 100 point move to the upside, since the pattern is somewhat similar to the one six months before:

quote.yahoo.com^RUT&d=2y

I think one of the characteristics most value investors might subscribe to is they won't buy a stock that does not fit their value criteria and won't refuse to buy one that does because of the market.
We really do look more at the trees than the forest. Good ideas, and at this price I am not sure MAT is one, come along infrequently enough that we can't afford to spend too much time worrying about the general market (as you have to when buying high P/E stocks).
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