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Strategies & Market Trends : Gorilla and King Portfolio Candidates

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To: Larry S. who wrote (42897)	5/23/2001 2:16:33 PM
From: straight life	Read Replies (2) of 54805

In re: "Fred Hicks (sic) redux: ...gloomy still" There's always a gloomy gus in every bull market. The author writes: "Hickey points out that one of the greatest rallies on the Dow Industrials was in 1931 -- in the middle of the market's greatest slaughter. He sees a similar pattern with what's happening now on the Nasdaq." Well, maybe conditions today are similar to those 70 years ago: maybe the unemployment rate, the pace of technological change, burgeoning international trade and our Federal Reserve attitude and resolve are similar to that benighted time. Every bull market has such naysayers; perhaps you recall Joe Granville in 1982; that tremendous bull market was never quite right; certain gaps were never filled or something. I came upon this today on Tek's SI Highlights thread: "Bill, if you were to force me to pick one or the other, a basket of gold stocks or a basket of stocks like CIEN, JNPR, BRCS, BEAS, EBAY, etc and I had to hold them for the next 10 years, I can honestly say that I would choose the gold stocks." Such comments make me smile: all bull markets need negativity, walls of worry.

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