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Strategies & Market Trends : Gorilla and King Portfolio Candidates -- Ignore unavailable to you. Want to Upgrade?

To: Teflon who wrote (4844)	8/13/1999 9:16:00 AM
From: Uncle Frank	Read Replies (2) \| Respond to of 54805

>> The Market should do well today. Morning, Teflon. You'd think so, but this market is so unpredictable it might just tank on good news. Makes it quite a challenge to anything other than buy & hold <g>. The Globex Flash Report show the ndx up 31 points right now. Frank

To: Teflon who wrote (4844)	8/13/1999 9:30:00 AM
From: gdichaz	Read Replies (1) \| Respond to of 54805

Teflon: Thanks. But, hey, you are using logic and the market seems a little short on that right now. :-). Does seem like the "bounce" may be a little better than "dead cat" but I have been wrong so often in predicting short term moves that I try to ignore and follow mostly buy and hold. (But can't help but pay attention, of course) Long long ago in a book by "Adam Smith" The Money Game (fun, entertaining, and in its way, wise) the "author" talked to a Mr Johnson who he remembered as saying "The market is like a woman" - very politically incorrect and clearly way out of bounds these days. This seems to be shorthand for suggesting that emotion might have strong influence in the short run at least. Whether emotion is female, male, or both, there seems to be plenty of that and just plain anti-logic Good economic news is bad for the market (which of course depends for its strength on robust long term economic growth) and bad news, good. The fixation on the danger of nonexistent inflation by the Wall Street gurus when objective analysis would point to a slow down - if not downright recession - early in 2000 - is another puzzle. Perhaps Alan G. wants to raise rates now, so after his reappointment he can be a hero again by lowering them toward the end of this year or early next. Ah what fun. Chaz