here's a pertinent post from High Tolerance Plasticity thread on SI...don't ask about that name <G>
To:dabum3 who wrote (14323)
From: dabum3 Friday, Jun 7, 2002 3:21 PM
Respond to of 14349
After watching portfolios shrink for more than two years, investors also are faced with rebuilding their confidence in the market - a task that will take time to accomplish, perhaps as long as 10 years, said John Bollinger, president of Bollinger Capital Management and creator of the Bollinger bands
"They've really been hurt this time."
Investing tip:
How can investors make money in a sideways market? Considering ditch the buy-and-hold strategy and engage in short-term trading, Bollinger said.
One tactic is to follow sector rotations: Jump into a sector and ride it up, sell, and move to the next sector on the upswing.
In the sideways market of 1978 to 1982, swing traders, not buy-and-hold investors, were the ones that made money. "That's going to be the story for the rest of the decade," he said.
I also received a quarterly report from Tom Marsico which said mainly the same thing. One thing I feel confident about is avoiding the big cap index funds during this time.
Sharon |
