heinz
I got this from fidelity last night which follows the comment (b) in your post
Anway I sure felt good about the market after this, but not enough to hold any stocks overnight <g>. Staying focused on long term objectives in cash at the moment works for me.
Subj: Peter Lynch on Recent Market Volatility
Date: 4/4/00 9:14:15 PM US Mountain Standard Time
From: Fidelity.Investments@fidelity.m0.net (Fidelity.com)
Reply-to: Fidelity.Investments@fidelity.m0.net
To: lmfaz@aol.com
Dear PHILLIP FINSTERWALD,
As you may be aware, the market saw unusually high activity today.
After large-scale selling today, which left both the Dow and Nasdaq
down over 500 points each at noon (4.5% and 13.6%, respectively), both
markets have surged back to within 75 points of their opening (down
57.09 points/less than 1% and 74.79 points/1.8%, respectively).
No one can predict with certainty what the market will do. However, at
Fidelity our business is built on the belief that long-term investing
is the best way to accomplish your goals. In short, stay focused on
long-term goals.
We'd like to offer you some fundamental principles from our Vice
Chairman Peter Lynch on how to prepare for and weather this
volatility. Please visit FIDELITY.COM for "Investing in Volatile
Markets: A Discussion with Peter Lynch" as well as the interview
"Peter Lynch on Recent Market Volatility" held today,
Tuesday, April 4, to get his most timely views.
Although much has changed since Fidelity first opened its doors 50
years ago, the fundamentals of responsible investing remain the same.
It all comes down to investing responsibly. |
