SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : A.I.M Users Group Bulletin Board
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Scott Moore who wrote (5786)10/8/1998 9:39:00 AM
From: OldAIMGuy  Read Replies (2) of 18928
 
Ugh! I took a look at the Asian markets and the Nikkei is down to nearly 13,000 and the Yen is gaining strength against the $. So, what's good news for US exporters usually (a weaker dollar) is somehow not good news this time. I guess that's because the dollar didn't change enough in value against the currencies of the countries that actually buy stuff from us while Japan continues its protectionist ways.

Well a Bear market is when any news - good or bad - is interpreted as bad news. I think we're there! Now, of the bear markets that I've seen in my short life, each one of them has presented itself as the end of the world, only to LATER be hailed as a "Chance of a Lifetime" for long term investors. This was true in the early '70s when I started my investing, was true in '81 and early '82, again in the brief scare in late '87 and even in 1990 when the Gulf War started up.
Now, it's been a while since we've had a good old fashion bear market, and the rules have been modified a bit since the last time. With the S&P futures off 25 points this AM about 15 minutes before the opening bell, where will this take us over the next six and one half hours? I'll hazzard a guess that we're going to see some rather big price drops at the open, but I'm not even going to try to see just 6-1/2 hours into the future.

I do think I'll call American Century and enter the next batch of AIM/Newport Buy orders for the various accounts holding Ultra Fund (TWCUX). Looks like there's a reasonable chance that I can get those orders filled.

Best regards, Tom
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News