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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: pater tenebrarum who wrote (76951)3/8/2001 12:07:07 AM
From: Haim R. Branisteanu  Read Replies (1) of 436258
 
Heinz, differentiate between high tech and retailers and cyclicals, money will move out from one sector to the other. Trust me be next week you will hear rumors that the semi inventory is dwindling fast plus you have the issue of fed funds cuts and every one and his mother are waiting for a bounce ............ well they will get it.

You will get all kinds of positive China rumors etc.

Be contrarian to the contrarian ?<GGGG>

pimco.com

They may be wrong at the top and wrong at the bottom, but in between the crowd is a momentum-bred monster that in turn creates its own inertia. Was the “crowd” wrong to buy stocks in the 1990s? Hardly. Many of them may have been late to the party, but the American investor is still sitting on a lot of paper profits despite the carnage in the NASDAQ over the past nine months. My answer then, to the same questions was “Sure you should follow the conventional wisdom – most of the time. In this business of investing it’s best to follow, instead of oppose – until that is – it becomes increasingly obvious that the crowd has, through its own momentum, carried prices to an extreme. That is the time to oppose, instead of conform.”

The grind will continue

Haim
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