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Strategies & Market Trends : A.I.M Users Group Bulletin Board
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To: Scott Moore who wrote (6197)11/12/1998 7:32:00 AM
From: OldAIMGuy  Read Replies (3) of 18928
 
Orifice #1 reporting in,
No snow here yet, but there's been a major monica for two days now with power outages in SE Wisconsin - gusts to about 70 MPH. This monica started as as southeaster and gradually worked its way through the south and around to the northwest. I'd swear there was a lull about two in the morning on Wednesday. Lowest barometer reading I think I've ever seen here at the house and at work - 28.85 and then back up to 29.70 by yesterday afternoon. We had to run the aux. generator at city hall Tues. night because of the down town area of PW being blacked out. It's embarrassing when Public Works has to have its meetings by candle light!!

If we check the 1990 chapter of our Wall Street history books, we'll find a rather unpleasant time was had by investors. It was not an event that was triggered only by the invasion of Kuwait, but included a rate hike by the Fed. Double whammy. It was the last time my cash reserves were drawn down to less than 20% overall. So AIMers did better than most. Also note that the Idiot Wave was in the Average Risk range in August when all this started - meaning that even average or low risk doesn't mean NO RISK! The IW doesn't seem to be able to account for wars. If nothing else, we can count on a very unsettled market until some form of sanity returns. Wall Street doesn't like the sound of rattling swords.

My JBL triggered another "vealie" yesterday, but other than that all's been quiet. Under the circumstances, I may quit the vealie strategy and go back to selling. I don't like the idea of facing a 1990 like setback with low reserves.

Best regards, Tom
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