Making Money and Preserving Capital on the OTCBB Market Message Board

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Pastimes : Making Money and Preserving Capital on the OTCBB Market

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To: Wayne Rumball who wrote (150)	4/21/2000 9:18:00 AM
From: ChrisJP	Read Replies (1) of 268

Hi Wayne, Well I've been looking at some stuff. I don't think anyone should be scared out of the stock market, but I really think expectations need to return to historical norms. For the past 15 months, the DOW hasn't done squat. And this includes the removal of some dying dogs and replacing them with a few of our best new blue chips. For the past 12 months, the S&P 500 Index is up about 6%. This is despite the fact that millions of Americans are pouring money on autopilot into S&P 500 stocks via their IRA's and 401K. The NASDAQ and the OTCBB just experienced a 6 month speculative period beyond imagination. Bonds appear to be strong despite 4 (soon to be 5) interest rate hikes. I personally think it means that the rich guys have been slowly moving money out while the public has kept on buying. But I don't really know. I'm trying to think what will happen when the investing public realizes that money market funds had nearly equal returns the DOW and S&P 500, without the stress and volatility. And any money they put into the markets since December has returned nothing. And will probably keep on returning close to nothing (if even that) for the next few months. This is just my prediction, but I think you will continue to see some violent trading swings even if the overall trend is down. So you guys will have a field day .... for a while. If we head lower or sideways for more than 9 months, then volume will dry up (as the public gets disenchanted) and stocks will go nowhere. It'll just be you and Lance buying and selling to each other. <g> Then again, 3 months from now, it could all be over and off we go again ! Regards, Chris

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