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Technology Stocks : Intel Corporation (INTC)
INTC 35.90+0.4%12:20 PM EST

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To: Paul Fiondella who wrote (42156)12/13/1997 11:57:00 AM
From: Tunica Albuginea  Read Replies (2) of 186894
 
Paul, Re:

"On the "risk" of not being invested.

I believe from 1929 to 1947 no money was made in the stock market due to the Depression. Similarly there was a long period in the 70's when no money was made due to inflation. Most of the investors here just have not experienced that type of market yet. Its called a bear market and they are not fun. ITs when you own stock that goes down for no good reason and keeps going down.

Portfolios should be balanced between equities and bonds and cash..

A guy in PBS last Friday made a couple of nice observations:

a ) Bear markets occur when E V E R Y B O D Y thinks that we can only continue to go up.That has not been the case until now, ( two large corrections, April and Oct this year ).

b)The tops of Bull markets are not reached unless
" all da BEARS " throw in the towel and buy; that has not occured.

I am looking for a Jan rally into Feb ( based on lower fears from Asia; money pouring into mutual funds ) and then another correction in April based on renewed eps worries from Asia.

Just my gut feeling.

TA
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