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Politics : Ask Michael Burke
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To: Knighty Tin who wrote (46242)2/9/1999 10:38:00 AM
From: abraves  Read Replies (1) of 132070
 
I do agree, all my stocks are very overvalued, but they are still making money. They were also overvalued at the beginning of last year. And they will all correct just like last October. This happens every year, the MM's start complaining about valuation, alot of people sell, then they come back and say "oversold" and buy them back up.

I don't agree with all of your former profits going away during a bear market. I pull profits out of the market based on my goals. Ex: Once I got my first childs (4) year education taken care of, I pulled that money out of the market all the way. Same with my second childs (4) year education. That is pure profit that will not be touched no matter what the market does....
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