Bollinger says he is not bearish yet and remains fully
invested with a 60% allocation in US stocks, including Dell
Computer (DELL), Compaq (CPQ), Fannie Mae (FNM), Capstead
Mortgage (CMO) and Wild Oats Markets (OATS), 20% in
international stocks and 20% in bonds. But he's keeping his
eyes peeled and is ready to exit on a moment's notice. "One
thing is certain, the events will run further, longer, or
perhaps both, than anticipated -- no matter how careful the
observation and analysis," he says. "To think that we can
out-think the crowd is hubris."
For more on John Bollinger's recommendation see "Capital
Growth Letter," January 15, 1999, Capital Growth Letter.
Market timer John Bollinger's Bollinger Bands, driven by
volatility, decipher market activity and predict market
behavior.
investools.com |
