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Strategies & Market Trends : Rande Is . . . HOME

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To: Paullie who wrote (39864)10/29/2000 8:50:28 AM
From: Rande Is   of 57584
 
Paullie,

You have been a friend for a long time and you will continue to be, whether you are in the markets or out. Remember, holding a position is not a prerequisite to this community. Your post about evaluating circumstances is very good. We have all enjoyed the benefit of your wisdom and will miss you in your absence.

I respect the decisions you have made. And I totally understand the criteria for your decisions. But I feel it would be irresponsible of me if I were not to remind you [and everyone] one more time. . . . that if you were to look over the past decade[s] and choose just one week out of the year that would be the absolute worst time to exit the markets, it would be the final week of October. 2nd choice would probably be the 3rd week of October.

What is lost by the techs is not easily recovered by the broader markets.

All analysis aside. That is pure history.

There I said it. I know that you will make the wisest decision for the good of your family. And I hope you take the above in the spirit in which it was written. Your decision to rotate into Fidelity Funds was probably a good one. I have advised some of those same Fidelity Select [and Berger] funds to close friends and family.

Paullie, your character has been exemplary. And your constant search for wisdom in all situations has set a standard and example for all our readers. Once again, you will be missed. And you are always welcome to check in with us.

Best wishes to you in all that you attempt. And may God richly bless you and your family.

Sincerely,

Rande Is
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