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Strategies & Market Trends : AIM Questions and Answers

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To: Philip Ng who wrote (142)12/20/2000 4:07:12 PM
From: Bernie Goldberg  Read Replies (1) of 221
 
Hi Phillip,
This is just my opinion which isn't shared by many, but fine tuning or tweaking or whatever you want to call it is purely emotional. The beauty of AIM is that it removes the emotional factor from investing. I think one has to understand this very important difference. Just about 8 months ago everybody on this thread, including myself, was complaining about having too much cash in the Cash Reserve. Everyone was looking for ways to change the cash reserve number so that more cash could be spent buying stocks which would neverdecrease in value. It was very much like the proverbial kid in the candy store.
Now when you read posts there is a different tune. Now people are sending in more cash for the Cash Reserve number.

THERE WASN'T ONE PERSON HERE ON APRIL 12, 2000 WHO CONSIDERED THAT WHAT HAS HAPPENED DURING THE PAST 8 MONTHS WAS A POSSIBILITY.

The one factor overruling everything on April 12, 2000 was GREED.
The reason the Vealie "doesn't work" in down markets is because it isn't used in down markets.
There's lots more to say on this matter, but I am sometimes guilty of standing on the soapbox for too long a period of time.
Bernie
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