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To: GST who wrote (81097)10/19/1999 12:33:00 AM
From: Randy Ellingson  Read Replies (1) | Respond to of 164684
 
just curious, ten years ago, as an investor, what was your take on the market in Japan when it peaked? Were you betting that the bull would keep running? Did you anticipate a bear market? Did you buy the dips?

Maybe you looked at my profile and maybe not, but I've been investing only since about 1996. I don't really "buy the dips", but rather look for stocks that are trading at what I estimate as providing a good long term value. And I certainly don't determine my buys based on what the market is doing (and that sometimes turns out to be painful short term!).

GST, do you know how Sony and Toyota have done over the past ten years? I think good companies do well even in bear markets; just not as well as in bull markets. I am confident I can make money owning shares in a bear market; the choices of what to own will obviously be much more important, once that bear market comes. And it will. But when is what nobody knows. Stashing long term money on the sidelines for any length of time is not a strategy I recommend when this future cannot be predicted.

Randy