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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 652.53

-1.5%

Nov 20 4:00 PM EST

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To: Zeev Hed who wrote (77505)	5/28/2001 11:54:44 PM
From: American Spirit	of 99985

Yes, I'd avoid gold as an investment. It has few uses in the world anymore except as jewelry and that's not going to be a growing market in a cautionary economy. Also despite gas prices there's still almost no inflation. If you want to be defensive buy oil stocks. At least we need to use the stuff (unfortunately) and some of the stocks have actually gone down this year while gas prices have gone up substantially. I'm looking at three kinds of buys now: - Beaten-down oversold takeover candidates - Energy or tech blue chips on dips - Beaten down smaller companies with lots of cash relative to market caps Unless you're a day-trader I'd stay away from volatile high-flier techs (if there are any anymore?) except after big sell-offs. I'd also avoid real estate, gold, biotechs, luxury product companies and big ticket item producers, and almost anything after sustained substantial run-ups. But everything depends on the current price and that's just me. Bargain-hunter extraordinaire.

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