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Strategies & Market Trends : Value Investing

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To: James Clarke who wrote (4913)8/31/1998 7:57:00 PM
From: Jurgis Bekepuris  Read Replies (1) of 78584
 
James,

>It was the beginning of the doomsday scenario -
> massive mutual fund redemptions. Did anybody
>happen to notice when the market went into free fall
>on no news? About 2:30.

>That is about the time people call Fidelity and
>Vanguard to make sure they get today's price and
> not tomorrow's.

I wouldn't be so sure. It might have been the
fund managers who wanted to get "today's price and
not tomorrow's" on all equities.

I wouldn't try to predict what happens
from here. With due respect, your opinion, mine and
those of dozen Wall Street "experts" are not worth
the electrons used to write them. I know one thing:
I'll buy when my targets are reached and stop buying
when I'm out of cash. After that, I'll go on
vacation. :-))) Or, actually, I'll go to work to get
more cash.

For me, it may be investor's dream come true:
a bear market just when I graduate and get a job
allowing to make larger contributions to my
portfolio. We'll see... ;-)

I stand by my reevaluation points on Buffett stocks.
I would even add BRK to the list.
This is definitely time to wait for quality and buy
quality because it's being hit as hard as everything
else.

Good luck

Jurgis
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