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Strategies & Market Trends : Booms, Busts, and Recoveries
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To: pezz who wrote (35842)7/13/2003 10:05:34 PM
From: TobagoJack  Read Replies (2) of 74559
 
Hello Pezz, Today's Report:

I repented and sought redemption by reversing this trade Message 19091621 at a 15% loss over a 6-day period.

Japan may or may not have hit bottom; I do not care. The current global momentum trade will not last, and at its end, the indices will go where they ought, down, and average dividend rates will rise, where they must. All assuming that the risk-free rate of return will rise, which could take awhile, perhaps as long as the 7-years ACF Mike says, maybe not.

Chugs, Jay
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