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Pastimes : Ask Mohan about the Market

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To: Jack Clarke who wrote (11990)	12/20/1997 7:35:00 PM
From: tekgk	Read Replies (2) of 18056

>> why don't these savvy money managers get more liquid? They are mostly kids with an average age of 28 - I wouldn't call them savvy. None of them have seen a real bear. The only thing that they have experienced was 87, which was a minor correction in one of the greatest bull markets in history. A period like 66 to 82 where the average investor lost 75% in constant dollar terms - now that's a real bear! >> Just in case something bad were to happen before Dec 31 I hope not - one last rally would be a wonderful opportunity to establish lots of short positions. Even if we don't rally I will start going short again in the new year. I may miss part of the ride, but I don't feel comfortable standing in front of the traditional rally. My main goal remains capital preservation.

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