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Strategies & Market Trends : Waiting for the big Kahuna

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To: paulmcg0 who wrote (14380)	2/25/1998 7:32:00 AM
From: Liatris Spicata	Read Replies (1) of 94695

Paul- What r u, some kind of commie? Or are you just so far out of it as to be anti-American? [In any case, I'll bet you're not married!] Why if everyone acted the way you did Detroit would be a ghosttown and children all over the land would go to bed hungry- all because of your unwillingness to spend a nickel! Seriously, don't be so sure you can time this market- William Hueb can't. I was suspicious when the DOW crossed 4000- sure am glad I didn't sell, but instead kept on investing. Yes, one day again cash will be king- but the DOW may have doubled again before that happens. In two years you could find yourself vindicated if things take a real downturn (not like the fool's downturn last Fall), but you may also regret it if the market simply returns 10% a year over the next two years. Why not invest a modest portion (say 20%) of you assets in equities that you think will do well over the long haul, and stop trying to outsmart Wall Street? Even if the market does head seriously south, will you know when to jump in? Might you just sit there when the DOW bottoms at 5000, waiting for it to return to 3500? Sir John Templeton merrily responds to the question "When is the best time to get into the market" with the cheerful response, "Anytime!". I'd wish you well with your strategy, but I'd be sltting my own throat! Larry

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