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Strategies & Market Trends : A.I.M Users Group Bulletin Board

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To: OldAIMGuy who wrote (5451)	8/27/1998 7:39:00 PM
From: JZGalt	Read Replies (2) of 18928

Tom, The only thing I'm glad about at this point in time is the AIM portfolio on those energy stocks are not done with real money. Whew! I've held some stocks in the energy group thinking they couldn't get lower only to be disproved every week. I'm slightly on margin (stupid yeah I know), but not in danger of margin calls, unless we see much more selling. The really bad thing that has happened in the market from my point of view is the continued delta between the large cap "safe" stocks and the rest of the market. I was just watching Lou Dobbs and they had on Bob Farrell. Merrill Lynch is saying 81% of the NASDAQ stocks are down 30% or more from their highs. Liquidity is king and large capitilization stocks are soaking up the majority of the foreign money that isn't just flooding the bond markets. Although you have your system with AIM, I'm not putting a dime more into this market until I start to see the leaders break down. When DELL, CSCO, MSFT all start to decline, then you want to be scraping along with zero cash levels, not now IMO. This is going to make one heck of a tax loss selling season, so make sure you have funds to take advantage of it. Bear markets take time to return to being bull markets. ---- Dave

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