Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: Tommaso who wrote (54279)	10/15/2004 8:57:16 PM
From: Hugh A	Read Replies (1) of 74559

Tommaso: I, for one, value ACF Mike's contributions. They may not play well on BBR, but he has been making his points consistently while the rest of us have waited year after year for the Dow/Gold ratio to get to 1. I suspect he may also have added significantly to his net worth in the meantime. I am beginning to study real options. Although I may have it wrong, it seems to me that volatility is our friend, allowing the informed to make decisions about when to invest and when to cut and run. So in the end it doesn't matter which of Jay or ACF Mike is right - waiting for a singularity as the gold bugs would have us do, is not the point. Sensible picking of entry and exit points is a far better strategy, whatever the market conditions, than waiting for the deluge. My 2 cents... HA

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