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Strategies & Market Trends : AIM Questions and Answers

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To: Bernie Goldberg who wrote (144)	12/20/2000 5:25:25 PM
From: OldAIMGuy	Read Replies (1) of 221

Hi Bernie, From my newsletter 4/12/2000....... "It's been a while since we had a reason to get the GUT WRENCH out and use it. Seems there's some lemmings leaping here and there after receiving calls from their brokers regarding servicing their margin debt. The GUT WRENCH is always good for making those sorts of adjustments! Why is it that so many investment strategies only really look good during a Bull phase of the market? AIM's like a brand new set of all season tyres for our investment limousine. We get to cruise in comfort - rain, sleet, snow or sun. If we care to look out the windows, we'll see high performance vehicles spinning into the ditch. All the while we have AIM set on Cruise Control! Back during the week of March 13th, so many people were convinced of the market's continued rise there were 971 New Highs on the NASDAQ that week. However, there were also enough folks convinced the market would decline that there were 412 New Lows simultaneously." The Idiot Wave was telling us to be 40% invested, 60% Cash just three weeks earlier. Some folks chose not to pay attention. You're right, I don't think anyone expected the NASDAQ to fall to a level not seen since 3/99. That's where it is today. Best regards, Tom

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