Rainier, I REALLY dorked my question. In addition to the spello, I meant I was very nervous about the market, not so much PERLF. I'll take your PERLF comments under advisment, and I you have any broad market comments, or references to other posts or articles you second, please post. Thanks Scott
Just realized I did not flesh out my market comment fully. I'm worried about the effect reduced exports, reduced capital spending (lowered planned spending for 99, plus Y2K spending consuming a material amount of the spending budget), both these leading to reduced profits at a time of high valuations (mid-large caps and the Inet phenom.) Market psych is a related issue, as more Brazils and resultant "Fright to cash/quality" exits from small caps (my arena), plus I expect cash to leave the market over Y2K concerns (right now I'm buying a propane fireplace and considering a well)
So, I was thinking of going to cash for most of my portfolio, not yesterday, but taking profits as issues reach peaks.
Your thoughts on the appropriateness and the timing. Scott
I started this here, but if this should continue on Ra, please feel free to transition. |
