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Strategies & Market Trends : The picks
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To: Jake's mom who wrote (4851)2/12/1997 9:29:00 PM
From: Trader X   of 6124
 
To Jake's mom...free advice.....

and we both know what that's worth.
The following is my opinion, and my opinion alone. This opinion is NOT for market players or experienced short-term traders.

I think the market has begun a very turbulent, violent upthrust period that can be called a "blowoff top". In this environment, one can lose money as the market explodes, by selling into selloffs and buying into rallies.

The end result will be a rather precipitous decline that will ruin many nest eggs. I feel that this is a market where the small investor needs to "get defensive". Defensive stocks are those that do well in a bear market, and in resessions. Consumer non-durables are a good example, like Kimberly-Clark and RJR.

If this sounds pretty conservative, it's because it is.
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