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Politics : Right Wing Extremist Thread

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To: Bill who wrote (3583)1/26/2001 5:54:25 PM
From: TH  Read Replies (2) of 59480
 
e-bill,

e-Bill,

Agreed, and I love how the media is glossing it over.

Someone who asks my advice on the market (why I don't know and I keep telling them to double check with a professional), asked me today what to do with their 401k.

I told them, use any rally over 3000 as a chance to move our of equity into cash or fixed. Just park it for a while as I think the next three months are going to be brutal to the downside.

How long it lasts I have not a clue. No one else does either. I think the 1/2 point is starting to scare people. Wow, 1/2 and then another 1/2. What does that Greenspan know that he is NOT telling us?

I am being very careful. I closed three shorts early this week, but I have few longs and those will be sold into the rally.

My industry (autos) gets hit very hard when recession comes. I look forward to keeping a discussion going on this topic in the months ahead. You and I agree completely on the gains and options. The last six months of 2000 hurt my port, and I am usually an over caution trader. I never get more than 25% long in a real speculative stock. When CSCO broke 50 I knew trouble had come to town.

HAGO

TH
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