Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: MeDroogies who wrote (5551)	7/3/2001 4:37:24 PM
From: Seeker of Truth	Read Replies (1) of 74559

Jay was basically out of the market last July. I have an email from him to prove it. The only thing he was holding onto was Phillip Morris and a gold stock, not in huge quantities, either of them. I personally don't see a further crash ahead, but a 20% drop? quite possible. None of us know for sure. I've been lucky enough to get the private opinions of a couple of CEO's in my time. All of their anticipatory opinions were wrong! e.g. "next half is going to be great." Also "this quarter stinks, we're going to be in the red for 2-3 years, maybe we'll never recover." Both of these predictions were absolutely wrong. Jay's direst predictions could come true. We have to take out some insurance, in the form of ballast.

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