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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Zardoz who wrote (18014)	6/21/1999 1:16:00 AM
From: Don Green	Read Replies (1) \| Respond to of 99985

mom-and-pop investor Here is something I came across on the net from marc faber: mom-and-pop investor. Their Ten Commandments go something like this: 1. Everything comes to the patient investor. 2. The best way to make money is to buy blue chips and then forget about them for a long time. 3. In the long run, stock prices always go up faster than other investments. 4. You can never lose money in real estate, as long as you are willing to wait long enough. 5. Buy a commodity and sit on it. 6. Buy real estate and sit on it. 7. Buy a Ming vase and sit on it (but only metaphorically). 8. If you wait long enough, an untraded position on the S&P will do better than the most vigorously traded mixed portfolio. 9. The best retirement fund is a nice chunk of real estate. 10. Patience is a virtue, so wait at least a week between buying and selling. Such-,have been the mantras of the Little Guy for at least a couple of decades, and he or she has been encouraged in these views by generation after generation of well-meaning financial advisors. The advice is inspiring, comforting-and often completely wrong. Faber is completely convinced he is right about this. regards don

To: Zardoz who wrote (18014)	6/21/1999 1:18:00 AM
From: Don Green	Respond to of 99985

HONG KONG, June 21 (Reuters) - Hong Kong's government plans to create a unit trust tracking the Hang Seng Index (^HSI - news) as a means to begin the disposal of its massive blue chip stock porfolio, the government's fund management arm said Monday.http://biz.yahoo.com/rf/990621/0.html

To: Zardoz who wrote (18014)	6/21/1999 11:06:00 AM
From: Lucretius	Read Replies (2) \| Respond to of 99985

HO HO HO.. yes, calling me names makes you look less of an idiot -g-... of course, all roads lead to a lower gold price, right? HO HO HO -g- as i said.. I don't believe you understand the relationships between the assets you are discussing. stocks have risen everyday that bonds have fallen since Oct '98... I guess that menas that as long as bonds fall stocks will keep rising according to your logic, right? LOL!!! I believe some real morons thought the same thing in 1987... ahhhh, the extrapolation of trends simply because they are there often confuse those who do not understand the fundamental relationships between the assets. yes, gold has fallen as rates have fallen and gold has fallen as rates has risen... so under your logic... gold will always fall. One must of course assume a higher dollar under this moronic scenario. But the buck cannot rise if yields rise and implode the stock mkt which will implode our currency which will lead to a monster gold rally.