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Strategies & Market Trends : The Millennium Crash

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To: bobby beara who wrote (853)9/19/1997 10:43:00 AM
From: Rarebird   of 5676
 
Bob, the market has already turned positive and it will continue to go higher and higher short term. There are plenty of players like me who are 80% in cash ( having locked in over 40% for the year) and just waiting to re-enter. This crash scenario is an empty pipe dream with no basis in reality short term. To be sure, the stock market is now for the most part an over-priced commodity driven market. But the goal is to make money here and follow the trend. I have said in the past that a trend like this one will not break easily. It will ultimately take a complete breakdown in earnings, which I envision in early 98. I want to say something else here on a more personal note. There is no one who loves to speculate more than me. I studied all the great thinkers of the World ( Western and Eastern ) when I got my Ph.D. in Philosophy. I also studied finance with Professor Jimmy Rodgers at Columbia in the early 80's. I was trained in the art and science of identifying and exploiting trends in the stock market. My trades are 80% profitable over the last 15 years. Although I trade often, I don't earn my living from trading. I own a learning center here in NYC, where we teach children and adults the art and science of critical thinking and study skills. We also do the more traditional stuff involving tutoring in Math, Science, Reading. Most of my posts on the thread are from my office where I make sure everything is running smoothly and everyone is satisfied. If the Fed raises rates ( which is absurd ) later in the year the stock market will correct and correct hard, but the trend won't be violated till earnings really go south.
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