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Strategies & Market Trends : Gorilla and King Portfolio Candidates

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To: Stock Farmer who wrote (43670)	6/20/2001 12:51:37 PM
From: Uncle Frank	Read Replies (1) of 54805

>> Another reason is that the macro valuation of the basket of stocks that is the market is very very very high. Which means that on average they have to come down a lot. I see that Malcolm already queried this assumption, John, but I'd like to ask you to justify it further it as well. In the view of many pundits, we have escaped the hard landing (recession) and the market has already priced in reduced expectations for the next few quarters. Supporting this scenario, the following chart confirms the major indices have shown nice progress since the "bottom" of early April. finance.yahoo.com >> This sets me apart from many on this thread. Like those over on CCforD learning how to milk covered calls to pay off margin debt. Writing covered calls in a flat market is excellent utilization of capital, John, and the strategy is in no manner related to margin debt. In fact, I find covered calls plays are most effective in sheltered accounts where margin is not even permitted. The thing that sets you apart from those on the cc4d camp is that you have no long term holdings to write calls against. >> I think the tax cuts are a confidence game. Less substantial than they are being made out. I'm of the same opinion, but I feel that the string of fed rate reductions and increases in the money supply (liquidity) will have a strong impact in reviving the economy. But outside of those macro effects, I am still very bullish on the continued growth of the technology sector, as high tech continues to contribute to increases in productivity and at the same time becomes ever more pervasive in the lives of every consumer. jmho, uf

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