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Strategies & Market Trends : Stock Attack II - A Complete Analysis

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To: Terry Whitman who wrote (3953)3/23/2001 2:06:04 PM
From: Paul Shread  Read Replies (2) of 52237
 
>>Too bad they didn't read "The Road to Retirement City' and learn it beforehand.<< You got a big smile out of me on that one. Some of us managed to ride the wave and get out, although you can bet that as soon as I'm fully invested again the market will have another 20% to go on the downside. <ggg>

I don't see a lot to like here, unfortunately, so this is a frustrating zone for me. Some leaders like AXP are tantalizingly close to my targets ($32) but not quite there, and the real leaders, like JNPR, CIEN and CHKP, are too expensive to put much to work in. Do they really deserve a forward PE of 50 in this environment? Am kicking myself for not buying more NOK when it was at 20, but that's about the only ship that's sailed on me. Still has a gap to fill around 20, so I may get another chance.

>>What do you think the chances of a bad deflationary period are?<< Off the top of my head, maybe 20%. The only thing that really bothers me is that falling net worth; it's a really striking statistic that there's been nothing like it in the entire post-WWII economy. I have a recent report in PDF format that's really worth taking a look at; I'll see if I can email it to you. But you raise a great point about a lot of it being paper wealth.

Just saw that there were a record $15b+ outflows last week, according to TrimTabs. Broke October's record. Not that that meant much back then.
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