To: Les H who wrote (17243 ) 6/14/1999 2:38:00 PM From: Les H Respond to of 99985
Market Mood 6/14/99fabmktbabe.com The Wondering Continues... So how was the weekend? Hopefully all of you out there had much better things to do than stare at, to just guess, a lower than anticipated securities portfolio and use the days as an experiment in how many drinks one could consume in a 24-hour period. But even if this wasn't the case, given the amount of increasing anxiety out there, perhaps a quick refresher in the ways of the markets is needed. Don't worry -- it's very short. So here goes. Markets go up. Markets go down. Amazing, I know, but very true. So while your, and more than likely, everyone else's that you know portfolios are currently sucking wind, I suggest that you take heart in yet another amazingly profound fact: Over time, investments in U.S. securities outweigh that of almost all others. In the midst of, believe it or not, every possible cycle in rates. So while the above may or not be enlightening, let me take the time to highlight more of the obvious that apparently is becoming a bit muddled lately. That being the fact that the markets are "smartly" factoring in a rise in rates by Greenspan and Company. So if anyone tells you that, do yourself a favor and use the following response: Are you out of your mind?! That's a load of crap! If there is any question beyond your wholehearted and emphatic response (translation: it must be true) feel free to lob in the following fact: Any change in policy by the Fed at any point in time, however "anticipated", is always greeted with a fast and furious reaction. Dependent upon the shift in stance, of course. Period. fabmktbabe.com The Mighty Intel/INTC