<< 1. On the Naz, Y2K was 1929. Now it's 1931. There have been a few bounces, but mostly the funds are selling into it.
>>
Thats for the Nas, now the Dow did not get hurt bad until June of 2001 so it may still be 1930.
I have no problem waiting until an upward slope on equities is verified to try LTBH. Once said I would wait until Nas rose to 2300 from 1800 and should have stayed with that concept. Now perhaps could wait until 1800
which would be an incredible 50% gain and the start of another bull-run. What is the likelyhood of that happening.?
Meanwhile will play with individual issues and hope for the best.
<< 2. On the NYSE, the Nifties look a little pricey but they are always going to command a premium, and I suspect the large-cap leaders will be the megacaps of each industry group _ C, WMT, MRK, etc. Buybacks are underway at PEP and several others.>>>
Companies are run by bulls, always looking ahead many years with a positive attitude. I dismiss buybacks
as meaningless for the short term. Dell has one of the largest buyback progams in comparison to others.
<< 3. I wouldn't rule out a test of the lows, epecially if IBM blows up. Nightly Business Report tonight said Barron's may have a negative article in the works. I still think IBM is one of those that needs to come clean.
4. Perhaps most important, the powers-that-be, the G-8 finance ministers, met in Canada recently and we're seeing a firmer dollar. Big sea change. Those who followed the doomsdayers into gold are getting slaughtered.>>
All equities are risky, so to cool the nerves in tough times, it is very consoling to own the metal (coins).
Hand-picking a stock as this person did,(as opposed to running a computer program or sort) has always worked much better for me than any complicated math- based program.
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