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

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To: Earlie who wrote (235879)4/16/2003 11:16:39 AM
From: Perspective  Read Replies (1) of 436258
 
No doubt most of us will likely be cowering beneath our desks, shell-shocked by the preceding vertical rallies when it occurs. But as long as one has maintained discipline and not tried to hit home runs, one is likely to survive the period with at least some capital intact. In the follow-on era, some cash plus minimal debt will likely serve one well.

Fantastic advice, Earlie. One of the most important lessons I ever learned was that exposure kills. You want to have enough exposure to participate, but get too much and you hand over your decision making to your broker (the dreaded margin call). Still trying to teach a few students that one.

Thanks for the excellent post! I agree - things are ready for another death roll, but the further along we are in the bear, the higher the risk that we are truly in a minor cyclical bull. Don't think this is it yet, but it could certainly have a month or two left in it.

Thanks again for the update.

BC
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