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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: reaper who wrote (150605)	2/11/2002 12:58:49 PM
From: Terry Whitman	Read Replies (2) of 436258

I don't really care to argue fundamentals. Never mattered to me- probably never will. They always look worst at the bottom- they always look best at the top. End of story. Can you put that into your pension plan equations? Can you put human emotion and economic cyclicity in there? You may get a decent result then. As for earnings projections- That's like playing chess against Bobby Fisher- You'll never win that game. As soon as you think you've got it figured out- the equation changes, the laws change, the economy changes. It's a moving target, and you're just wasting good gunpowder trying to hit it. Maybe you get lucky and finally hit the target once. While you celebrate, it all moves on to the next time zone. Damn that target. LOL Yes I do expect the earnings will be higher next year- Why? Because the stocks are telling me that. How much? Who cares. All that really matters is what and when you buy and when you sell them. Yes, buy and hold has been dead for a while- since about the peak in the A/D line, IMO. Spring of 1998. I said as much right here on SI. Many, many times. Hardly anyone listened to me then- because they didn't want to hear it. They don't want to hear that the bear is over, now. If you have the time- which it looks like you do with all that fundamental research you've done<g> Do your STRIPs comparison to being long from 93 to 98 and see how it comes out there. Then for giggles, compare your STRIPS with going short the market between 1/00 and 9/01. PS- Find the guy that invests 10K in the same thing on the same day every year- and you'll have just met the most unimaginitive person in history. LOL Would love to argue some more- but I've got to go move up my stop on my GP long. This bear market is just killing me today. hoho Regards, TW

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