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Pastimes : Ask Mohan about the Market

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To: Jay who wrote (10553)12/9/1997 9:45:00 AM
From: Cynic 2005  Read Replies (1) of 18056
 
<<do you people ever think positive? >>

The biggest positive in our thinking is that we want this bubble to burst sooner than later. It is healthy for things to appreciate at a steady pace. Denial of everything that surfaces against your wish doesn't make you a positive thinker. Whether you accept it or not, the bubble in many 'miracle' economies, including that of the second biggest in the world has already burst. As with US, it is only a matter of time!

<<I panicked just a little during the turmoil last month and ended up selling a few of my good stocks at fire-sale prices - all are up over 20% since. The tax hit is going to be another pain. >>

I am sure you will realize pretty soon that you did the right thing. Unless ofcourse you bought again yesterday. -g-

<<BTW did anyone here make any money during the crash?>>
Yes, I did!

-Mohan
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