Hi Chuzz:
Thanks for the cautionary notes. A reminder that the tide can turn. How about those Octobers for last three years.?
I had in mind this year to sell everything in Sept.and buy back
later. Didn't tho, wasn't practical with 27 cent Dell. Was lucky to have cash left to buy. Will do same next year-that is to lighten up and plan to have mucho cash around.
For two months this spring was unable to do anything right,
buy wrong stock at wrong time, or sell it. Freeus noted that too.
Many stocks were doing fine- just could not hook them.
But even Warren Buffet had a bad year, also the small cap funds.
But with history as a precedent I think the Nas can still
move up into Jan. Always more money available for stocks, Asia
doing well, Japanese investors, US government dumping funds (50 bil)
into the system in event of Y2K, people saving more earning more,
and more automatic savings plans(401's). And an obvious recognition
that techs provide a better chance to win, at least momentarily, than Dow stocks.
Mr Greenspans warnings were that market is like a dam,
if it cracks the whole thing( market) can go down. And its up to the individual to save his %ss because then even the thread is not much help.
IMO Dell would be one of the best stocks to be holding in
such an event. It has survivability.
Sig
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