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Strategies & Market Trends : Gorilla and King Portfolio Candidates

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To: Apollo who wrote (33515)10/22/2000 11:45:09 AM
From: Dr. Id  Read Replies (1) of 54805
 
If there are others out there, perhaps
older than me and certainly with longer investing experience than me, who have been investing for decades and can share their experience with
what they have learned during worldwide disasters, that would be helpful to me. For example, it's my recollection that during the 4-5 months
after Iraq invaded Kuwait, the market was in the dumps......but after the launching of Desert Storm, the market took off. Those who were actively
investing then might want to share any insights or corrections to that if they wish.


Apollo,
My experience during Desert Storm was to get nervous and sell most of my stock as I feared a protracted Vietnam-like war. Obviously (and thankfully) I was wrong, but many were predicting such at the time. The point is that I don't think that anyone can predict what will happen in the Middle East with any real validity, except that not much will be resolved (the only safe prediction is that the Israeli's aren't going anywhere and the Palestinians will continue to be the Arab nation's political football...). I think that the bottom line is that to try to invest based on international events is like trying to time the market...to quote the (and I never thought I'd say this) smarter George Bush, "can't do it, wouldn't be prudent"!:-)

In sum, we need to stick to long-term buy and hold Gorilla Gaming and consider international conflicts and events as noise that will effect us short-term but not disrupt the long-term (unless terrorists go specifically after one of our Gorillas!)

Dr.Id@investmenttalkwithsubliminablepoliticsthrownin.com
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