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

To: pater tenebrarum who wrote (28908)	10/9/1999 9:52:00 AM
From: TimbaBear	Read Replies (1) \| Respond to of 99985

Ultimately, we may be of the same opinion but looking at things from different perspectives....interest rates this year have had a substantial rise yet the markets are higher than at the start of the year....so it is earnings (or the anticipation of earnings) that is the (as you indicated) longer term winner here. "...as to the average investor, if he were indeed savvy, he would know that we are in a bubble and get out. "....I just cannot agree with that....maybe it is because I am an investor/speculator in individual companies rather than the markets as a whole....I consider myself to be an average investor and as I look around for rates of return in alternative vehicles, I am not impressed....money in the bank doesn't keep pace with inflation after the fees are subtracted....in my area of Florida, real estate prices are rising so slowly, it doesn't make sense to buy investment properties because after all the hassle involved, the money "might" make 7-8%....which is, historically, not bad but it doesn't address the major reason I invest in the first place....retirement security. I have another 17 years or so of working life and the companies I have worked for over the past 10 years have had no to pitiful retirement plans....I need to build my savings both by added contributions from current earnings, but also by getting a high rate of return each and every year until I retire in order to have any chance of a comfortable retirement....this internet driven market offers me the opportunity to do that, if I play it smartly....smartly, for me, is a combination of fundamental and technical analysis guided by trading rules grounded in discipline and capital preservation....I am in the market and using some margin most of the time....I got real conservative Thursday, but am fully in again now, I'll get conservative again, probably, on the 19th....but to stay out because a percentage think it is overvalued, is only prudent for me if the market confirms that opinion, so far it is not, so I choose to ride the wave of the market and try to stay as nimble as possible with reasonable stops.