Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: TobagoJack who wrote (7393)	8/18/2001 9:23:16 PM
From: AC Flyer	Read Replies (1) of 74559

Jay: You're a stand-up guy, no doubt about that. I am not going to try to respond to your post in kind. >>I count myself as extremely bullish in the intermediate term, cautious in the short term and terrified in the longterm.<< I have to query your long-term terror. It has always been a huge mistake to bet against the US economy long-term. The recent action in the major stock indices has obscured what is happening in the broad market, which is in a recovery. Cobalt Blue made an excellent post on this point several weeks ago. I do not claim any great investment genius - I took my Nasdaq lumps in 2000. However, at the end of 2000 I was amazed to find that my retirement accounts, which I manage conservatively, were up 30%. If you avoided tech, this result was not that hard to achieve.

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