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Pastimes : The Naked Truth - Big Kahuna a Myth -- Ignore unavailable to you. Want to Upgrade?

To: Ken98 who wrote (77481)	11/30/1999 9:43:00 PM
From: Terry Whitman	Read Replies (2) \| Respond to of 86076

HOHOHO- Take the sentiment quiz: >> Fiend Commentary ================ Sentiment Quiz: 1. Your portfolio consists of: a) Naked sells of put contracts on Internet stocks. A naked sell of a put contract is about the most aggressive (and stupid) thing you can do at the moment. Of course, it has also been the most profitable as Internet stocks have shown little inclination to move lower in recent weeks. b) Fully margined buys on technology stocks. c) S&P 500 and/or growth index funds. d) Mostly money market funds or cash equivalent. e) Precious metals such as gold or silver and/or stocks that mine them. f) Toilet paper. There was an article (tongue in cheek) last year that described how a few Y2K doomsday adherents were collecting toilet paper. Apparently they believed that it will be the next major currency once the entire financial system breaks down. At any rate, it isn't a bad idea for everyone (Bull and Bear) to keep some in their portfolio at all times. 2. When you watch CNBC you feel: a) All warm and tingly. You watch as often as possible and video tape when necessary. b) Pleased. It is how you start and end your day. c) Indifferent. You only watch for the programs for information. d) Nauseous. You can't watch for more than five minutes without getting sick to your stomach. 3. What will you be if the Dow hits 15,000 next year? a) Disappointed. Only 15,000? b) Very happy that the bull market has been able to continue as you expected. c) Somewhat concerned that the stock market is becoming overvalued but not complaining about the huge gains made. d) Amazed that the stock market has been able to ignore all signs that it has peaked but undeterred that it is indeed still in the midst of a speculative mania. e) Dead. 4. You think of Alan Greenspan as: a) A candidate for canonization as Saint Greenspan. b) A candidate for the Nobel Prize in Economics. c) A highly effective Fed Chairman who is largely responsible for creating and maintaining the current stellar economy. d) A mostly overrated Fed Chairman that has been able to manage things so far. e) The most irresponsible Fed Chairman of all time that has created a financial bubble that will one day burst. f) A criminal that should be prosecuted after the bubble bursts. 5. Who is your most trusted source for financial information and opinion. a) Louis Rukeyser on Wall Street Week. b) The Motley Fools. c) Ron Insana. d) Fiend SuperBear. e) Robert Prechter. 6. What is your definition of a serious bear market? a) Any time the major averages trade lower intraday. b) A 10% decline in the major averages. c) A 20% decline in the major averages. d) A 30% decline in the major averages. e) A 50% decline in the major averages. e) A 90% decline in the major averages. 7. How many people do you think are bearish right now? a) Anyone who isn't 150% invested is a Bear! b) There are still plenty of Bears out there...somewhere... c) The number Bears are definitely outnumbered by the number of Bulls at the moment. d) Not very many. e) No one but yourself. 8. In five years, the Dow will likely be: a) Above 50,000. b) Between 10,000 and 20,000. c) Below 10,000. d) Below 5,000. e) Below 2,000. f) Below 50. However, the Dow's low of 41 from July of 1932 will hold. 9. In terms of stock market commentators, what would worry you the most? a) If Joe Battipaglia turned bearish. b) If Abbey Cohen turned bearish. c) If the Wall Street Elves Index hit +10. d) If Fiend SuperBear turned bullish. e) If Alan Abelson turned bullish. 10. If the stock market does have a significant decline, you would: a) Apply for a few more credit cards and use cash advances to purchase more stocks. b) Hold off buying stocks and wait until it is clear that the market has leveled off before buying on the dip again. c) Sell everything and wait for much lower prices before buying again. d) Maintain a cash position and perhaps use any rally to carefully short selected stocks. e) Be very surprised. For each answer of (a), add 10 points to your score. (b), add 5 points to your score. (c), add 3 points to your score. (d), add 1 point to your score. (e), add 0 points to your score. (f), subtract 10 points from your score. If you scored a perfect 100, you are the perfect candidate for a job as a CNBC commentator or one of Wall Street Week's Elves should another opening arise. If you scored between 80 and 100 points, you are the typical hard-core Bull that will have his or her horns handed to them when the little stock market mania abruptly comes to an end. If you scored between 50 and 80 points, you are still pretty darn bullish and you would certainly benefit from reading alternative sources of stock market opinion. If you scored between 30 and 50 points, you are fairly bullish and if you are lucky, you won't get burned too badly during the next serious stock market decline. If you scored between 15 and 30 points, you are closer to neutral and should do ok in most market environments. If you scored less than 15 points, you are about as bearish as theSuperBear. If your score was negative, you are much too bearish and you need to cut down on your consumption of salmon and berries. **************************************************************************** << fiendbear.com