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Strategies & Market Trends : Stock Attack II - A Complete Analysis

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To: Jerry Olson who wrote (39218)8/27/2002 7:59:13 PM
From: Mike Learner  Read Replies (1) of 52237
 
OJ, You may be right on buying this dip, however, you should also think of stop loss as well. I am not buying this dip. William Dudley, chief domestic economist at Goldman Sachs, wrote:

"If everyone tries to cut costs and save more, no one saves more," he said. "If you and everyone else cut costs, costs do indeed go down, but revenue also goes down, so profits eventually go down, too. Collectively, we can't cut our way to prosperity."

This picture characterizes as "the corporate paradox of thrift." We are in a bear market and rallies should be sold, IMO.

Mike
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