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Strategies & Market Trends : Gorilla and King Portfolio Candidates

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To: Seeker of Truth who wrote (35135)11/21/2000 12:13:31 PM
From: limtex  Read Replies (3) of 54805
 
MB - I think the point is that we have all been here since mid March and our hopes or predictions have so far been well lets say unfulfilled. It started to occur to me that no-one on SI save perhaps for marginmike predicted and took the right action.

For the most part we have completely misread the makret and one of the biggest crashes in its history. Now it might all turn out to be OK next year but in the meantime we have Mr Greenspan who seems intent on keeping interest rates at what imho are high enough to break the economic expansion which has been proceeding quite nicely for over eight years with benign inflation.

If that is the case and it seems to be going down that road then PEs are going be cut back very sharply.

The old addage "Never fight the Fed" has been proven this year in a way that none of will ever forget.

Best regards,

L
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