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Technology Stocks : Intel Corporation (INTC)
INTC 41.98+3.6%1:51 PM EST
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To: John F. Dowd who wrote (167270)7/3/2002 1:55:27 AM
From: Dwight E. Karlsen  Read Replies (1) of 186894
 
Hi John,

Re: "But I must admit I have taken a terrible beating waiting for the tide to turn as I said I have never seen such a persistent bear market."

I must admit I took a terrible beating waiting for the tide to turn...except that back in '98 & '99 and spring of '00 I had never seen such a persistent bull market. I knew that everyone else knew that stock prices were disconnected from reality and had become the world's largest casino. And yet, I was losing money since I was mostly putting my money on the short side. Suffice to say that I decided that I would not put any more money in stocks or stock funds until the market was back in sync with what was happening in the business world. This means realistic valuations. Of course each company's situation will be valued a little differently.

Anyway, it's interesting to see INTC at a five-year low, and ditto for the Nasdaq.

My "market strategy" since April 2000 has been to focus on living comfortably, vacationing when and where I want to, living in the house I want to, and keeping my life savings (less what the stock market took) tied up in real estate and just in an old-fashioned no-frills checking account.

Eventually I'll get back in the market, but I'm not in a hurry, since after the market goes nuts, it is bound to take awhile for things to return to "normal".
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