Bill Wexler's Profits of DOOM Message Board

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Strategies & Market Trends : Bill Wexler's Profits of DOOM

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To: valueminded who wrote (3046)	9/25/1998 4:26:00 PM
From: Bill Wexler	Read Replies (2) of 4634

ANTI-DOOM ALERT!!!!!!!!!! Jerry Favors was on CNBC about 20 minutes before market close today to announce we are in a "bear market" based on his "technical analysis". I can't think of a better contrarian indicator than that, with the possible exception of a blazing headline in Time magazine that reads: "SELL ALL YOUR STOCKS NOW!" I still gotta go with my gut. The market is going higher. I continue to accumulate quality companies and I'm still not opening any new short positions.

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