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Strategies & Market Trends : Waiting for the big Kahuna

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To: Liatris Spicata who wrote (14121)2/16/1998 3:30:00 PM
From: Bonnie Bear  Read Replies (3) of 94695
 
Larry, Bill: sooner or later the baby boomers will demand yield, not growth, out of stocks, Bill may be right about utilities. Electric and telephone companies are the places that will profit the most from the internet, global demand will skyrocket, consolidation will boost stock prices. It seems insane to buy into this market but I found a couple of closed-end convertible funds that have wonderful portfolios and sell at discounts, it might be much saner to buy convertibles than stocks. You might want to take a look at this.
I've been sitting mostly in cash but I'm with Bill right now, I'm quietly rolling some money into utilities funds, smallcap real-estate investment trusts, corporate convertibles and microcaps. If interest rates stay parked where they are these should all do nicely. None of them will lose very much if interest rates go up.
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