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Pastimes : Richard Ney and the Wall Street Gang
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To: BenYeung who wrote ()11/12/1997 4:21:00 PM
From: ccryder  Read Replies (2) of 492
 
<<I still have the strong faith that the stock market in US will make new highs before the end of Jan of 98 (which is 10 weeks from now).>>

I have turned bearish for the near term and I doubt that confidence will return to the market to fuel a return to the highs. But I have not done much about it...a few sales here and there and reducing margin for protection against calls. My reason is that history has taught me that I could not time the bounce any better than I have timed this sell off.

I don't know whether Ney has predicted the recent problems with the foreign markets but it looks to me that they still have a way to fall.
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