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Strategies & Market Trends : Gorilla and King Portfolio Candidates
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To: Tom Trader who wrote (16347)1/25/2000 2:37:00 PM
From: Mike Buckley  Read Replies (2) of 54805
 
Tom,

Welcome!

You made some good points. I'd like to respond to one of them in a way that might or might not help answer your question. (Actually, I don't think it will help.)

If it is of brief duration, then one can stay the course -- but if it is long and prolonged like the 73-74 bear market, I am not sure how many people -- even the buy and hold types would be able to withstand it. I am not talking about the funds for living expenses -- which people have set aside. I am referring to the emotional component that will come into play at that time. Let us not lose sight of the fact that when there is a major correction, the declines that occur in even quality stocks like a QCOM have no relationship to the underlying value.

None of us know what we will do until we are confronted with the exact circumstances for which we think we are prepared. Most of us have not experienced a market like the one that occured in the 70s. My only hope is that we don't experience the same macro-economics that helped perpetuate the downside of that market. Given current economic factors which are far different from then, I don't see a high probability of returning to a decade of prolonged downward or sideways stock prices.

Just my opinion. Glad to see yours.

--Mike Buckley
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