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Strategies & Market Trends : Waiting for the big Kahuna
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To: Ilaine who wrote (30637)10/7/1998 4:06:00 PM
From: Ralph W.  Read Replies (1) of 94695
 
Blue - I've only written one book and didn't submit that for publication (not a cop-out; it wasn't good enough) so this doesn't come from an authority speaking from within covers, but I think it's usually best to lick wounds and take a loss if you think you're wrong. I hasten to add that I haven't always followed my advice - sometimes to my regret and sometimes not. I've read stuff similar to what Siegel says. But just as in your initial post (the 195 year thing), a couple of decades is a long time to wait. And you're right, those are explosive stocks so things might turn out well. And further, I haven't yet seen the close but those support levels on the Dow & SP500 were holding again. Best of luck.
Ralph
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