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Strategies & Market Trends : Gorilla and King Portfolio Candidates

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To: darbyc who wrote (44215)	7/13/2001 6:58:43 AM
From: Earlie	Read Replies (3) of 54805

Darbyc: There is a time to be in the markets and a time to be out of them. Currently, stock prices (in spite of their having been smacked) are in La-La Land, as PEs remain high due to imploding profits. Aside from the fact that the U.S. economy is in shrink mode, global demand also continues to implode so there is little chance for a profit rebound in the near term. Hype and hope keep the suckers coming back to buy the dip, but this is a well established (and well deserved) bear market, so buying the dip just ensures further losses. Not for anybody to tell you what to do, but it makes little sense to ignore the myriad of signals that the economy is entering a spiral dive. The number one rule of successful investing is "don't lose your capital" (having done just that more than once in the past, I know it is a painful experience). Hang on to what you still have by converting to cash and waiting until the market is hated by every single person you know. That will be the time to go long again. Best, Earlie

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