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Pastimes : Ask Mohan about the Market

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To: Zeev Hed who wrote (10325)12/5/1997 8:01:00 PM
From: Don S.Boller  Read Replies (2) of 18056
 
Zeev: Correct. A market that won't sell off on bad news - asian
bank troubles, etc - is exhibiting real power and those that get in
the way (shorting fliers) can get run over. This, whether or not
they may EVENTUALLY be proven correct. Nothing can be
more costly than an idea whose time has not yet come. I say
this with all hunility (having been in the market for 40+ years)
There are times when I think it is prudent to hoard cash and only
nibble at your perceived course of action. This helps the stress
level and aloows for clearer thinking IMHO!!!! Don.
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